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Retirement tax questions
No, sorry......
I was referencing a general example....I'll lay another out more clearly, I see where that didn't read correctly....
Using $26,000 in medical expenses not covered by insurance - copays, deductibles, noncovered expenses - it bring taxable income to 0.
There is another $11,000 in addition to the $26,000 that doesn't change the return by anything nor bring the taxable income any lower - you can't get lower than the 0.
So can you use that $11,000 on 2024 tax return or do you just lose that as a deduction?
‎January 22, 2024
7:41 PM