Emma Doyle, age 55, is employed as a corporate attorney.For calendar year 2016, she had AGI of $100,000 and paid thefollowing medical expenses:
Medical insurance premiums $3,700
Doctor and dentist bills for Bob and April (Emmaâsparents) 6,800
Doctor and dentist bills for Emma 5,200
Prescription medicines for Emma 400
Nonprescription insulin forEmma 350
Bob and April would qualify as Emmaâs dependents, exceptthat they file a joint return. Emmaâs medical insurance policy doesnot cover them. Emma filed a claim for reimbursement of $2,800 ofher own expenses with her insurance company in December 2016 andreceived the reimbursement in January 2017. What is Emmaâs maximumallowable medical expense deduction for 2016? Prepare a memo foryour firmâs tax files in which you document yourconclusions.
Emma Doyle, age 55, is employed as a corporate attorney.For calendar year 2016, she had AGI of $100,000 and paid thefollowing medical expenses:
Medical insurance premiums $3,700
Doctor and dentist bills for Bob and April (Emmaâsparents) 6,800
Doctor and dentist bills for Emma 5,200
Prescription medicines for Emma 400
Nonprescription insulin forEmma 350
Bob and April would qualify as Emmaâs dependents, exceptthat they file a joint return. Emmaâs medical insurance policy doesnot cover them. Emma filed a claim for reimbursement of $2,800 ofher own expenses with her insurance company in December 2016 andreceived the reimbursement in January 2017. What is Emmaâs maximumallowable medical expense deduction for 2016? Prepare a memo foryour firmâs tax files in which you document yourconclusions.
