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Level 1
posted Mar 30, 2023 3:25:15 PM

WHY ARE FIGURES IN FORMS DIFFERENT FROM FIGURES IN EASY STEP MEDICAL DEDUCTIONS

I have ENTERED MEDICAL DEDUCTIONS AND WHEN TO CHECK HOW THE FORM RECORDED MY ENTRIES. FORMS  HAS A DIFFERENT TOTAL  THAN SHOWN ON THE SUMMARY SCREEN FOR EACH CATEGORY I'VE COMPLETED. THIS MAKES NO SENSE. THE DIFFERENCE IS ABOUT $5,000. I NEED A CPA TO ANSWER THIS. THANKS

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1 Replies
Expert Alumni
Mar 30, 2023 3:45:13 PM

Which form are you looking at?  Your schedule A? Medical expenses are only deductible for the amount in excess of 7.5% of your AGI.  Example, if your AGI is $100,000, only your medical expenses over $7,500 will count towards your Itemized Deductions.  So, if you entered $$12,500 in medical expenses, your actual deduction would only be $5,000. 

 

The summary screen is showing what you entered, not what you actually will get a deduction for.