In: Accounting
Tara is 26-year-old individual with an adjusted gross income of $37,000 in Year 1. Tara had the following unreimbursed medical and dental expenses in Year 1: Laser eye surgery $ 5,000 Doctor visits 350 Crutches 75 Over-the-counter medications 250 Allergy shots 600 Prescription medications 750 Dental services: Teeth cleanings 200 Cavity fillings 500 Teeth whitening 200 Total $ 7,925 What amount, if any, of Tara’s medical and dental expenses are deductible on Schedule A of Form 1040 for Year 1? A) $0 B) $3375 C) $4025 D) $7475
D) $7,475
Calculation:
Item | Amount | Allowed / Disallowed |
Laser Eye Surgery (a) | 5,000 | Allowed |
Doctor Visit (b) | 350 | Allowed |
Crutches (c) | 75 | Allowed |
Over the counter medications (d) | 250 | Disallowed |
Allergy Shots (e) | 600 | Allowed |
Prescription medications (f) | 750 | Allowed |
Teeth Cleaning (g) | 200 | Allowed |
Cavity Filling (h) | 500 | Allowed |
Teeth whightening (i) | 200 | Disallowed |
Total expenses | 7,925 | |
Total allowed expenses (a + b + c + e + f + g + h) | 7,475 |