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Deductions & credits
Hello GeorgeM777,
Thanks for your reply. I perfectly understand the 2% of AGI rule for NJ medical deductions. However, that still does not explain why TT carried forward what looks like a random amount on which this 2% rule should be applied. In my case, TT carried forward $3723 and then applied the 2% rule and allowed a medical deduction of $2843 which is overly understated. Where did TT get $3723?
‎February 8, 2023
3:01 PM