Vanessa A
Expert Alumni

Deductions & credits

Look at line 27 of your Form 8962, you may find that you have an overpayment of the credit for $3 and are paying that back.  If so, this would be included in your medical.  You can also see this on your schedule 2 line 2.  

 

This is probably not going to affect your return since in order to claim medical expenses you need to itemize and only the expenses over 7.5% of your AGI are deductible. But I would wonder where it came from as well.  Itemized expenses include mortgage interest, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.  Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.  Also, if you are using the desktop version you can go to forms mode and click on the $883 then click on the magnifying glass which will take you to the page where it is calculated. 

 

 

 

 

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