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Example: AGI = $50,000
7.5% of AGI = $3,750
Medical Expenses = $6,500
Amount in Excess = $6,500 - 3,750 = $2,750 which is less than the Standard Deduction.
Example: AGI = $50,000
7.5% of AGI = $3,750
Medical Expenses = $6,500
Amount in Excess = $6,500 - 3,750 = $2,750 which is less than the Standard Deduction.
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