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First you must enter ALL of your 2020 income to get your 2020 AGI. Then calculate 7.5% of the AGI. Take that number and subtract it from your total medical expense - the result is the amount to enter.
But doesn't AGI change according to everything, including all credits and deductions? So wouldn't I have to go through the entire 1040 and get to the end to find my AGI? Do I leave this blank and then go back?
@elsherif1350 wrote:
But doesn't AGI change according to everything, including all credits and deductions? So wouldn't I have to go through the entire 1040 and get to the end to find my AGI? Do I leave this blank and then go back?
Yes it does which is why I said to enter everything else first. Do that last or you might have to do it again.
Itemized deductions do not change your AGI.
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