Your AGI multiplied by 7.5% equals $3,750 (your floor). If you had medical expenses of $5,000, you could deduct $1,250 as an itemized deduction on your tax return, assuming you had enough other itemized deductions to make it worthwhile.What can be deductedYou can deduct most costs of medical care and insurance for yourself and your dependents.f you had medical expenses of $5,000, you could deduct $1,250 as an itemized deduction on your tax return, assuming you had enough other itemized deductions to make it worthwhile.
BRAVE / ARCHITECTURE is an award-winning architecture firm. Our multidisciplinary organization is committed to high-end design and methodical detailing and t... BRAVE / ARCHITECTURE is an award-winning architecture firm. Our multidisciplinary organization is committed to high-end design and method...
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