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After you file
that's now how it works. with $52K in AGI you must reduce the medical expenses you paid in 2022 by 7.5% of AGI or $3.9k. that leaves $19.1 that's a deduction. $52K- $19.1K leaves you with taxable income of $32.9K of
taxable income. It will be even lower if you have other itemized deductions.
as a single individual your Federal taxes would be about $3700 on $32.9K. Turbotax will automatically reduce the medical expenses you enter by the 7.5 %
‎September 12, 2023
11:03 PM