How to calculate medical expenses for NJ State Income Tax
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How to calculate medical expenses for NJ State Income Tax

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I am looking at NJ tax return filed for 2016 and I do not understand how Turbo Tax arrived at the amount allowed for medical expenses based on the instructions on the New Jersey tax website.

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How to calculate medical expenses for NJ State Income Tax

NJ allows the amount of Medical expenses that are in excess of 2% of AGI to be deducted.  Example:

NJ AGI = $50,000

2% of NJ AGI = $1,000

Medical Expenses = $1,300

Medical Deduction = $1,300 minus 1,000 = $300

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