Submitted by greencymbeline t3_126b15d in personalfinance
NotThatGuy_Pal t1_je8ifdc wrote
It all depends on other info you haven’t given. Do you pay for a mortgage? What do your real estate/property taxes look like?
You can only deduct medical expenses above 7.5% of your AGI. With only his income and no other adjustments, medical expenses for deductions would be around 19k. If that’s the only deduction you have, you’d be taking the standard. If you have mortgage interest, property taxes, insurance premiums, charitable contributions, etc (Google Schedule A to see deductions)..then you’d be able to deduct medical expenses as long as itemized deductions exceed $25,900 (assuming you’re filing jointly)
greencymbeline OP t1_je8q2c9 wrote
We rent and have only minimal taxes on our old cars.
Thanks for the info, this is helpful.
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