Question

Amanda works as an industrial designer. Her Adjusted Gross Income (AGI) is $60,000. Due to an emergency, she had to spend $6,500 on medical expenses. Is she eligible for a tax deduction, and if so, how much?

Answer 1

yes it may sufficient to amanda

Answer 2

Yes, Amanda is eligible for tax deduction and the money is $4500.

As per the provision IRS allows to take medical deduction of 7.5% of the adjusted gross income if the medical expenses (eligible medical expenses) made during the year exceeds 10% of the Adjusted Gross Income.

In this case Amanda has paid $6500 for her medical expenses which exceeds 10% of her Adjusted Gross Income. Therefore, she is eligible to avail deduction 7.5% of her Adjusted Gross Income.  

Amount eligible for deduction = $60000 - 7.5% = $4500