In 2024, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGI of $30,000. During the year they incurred the following expenses:
Medical insurance premiums $1,200
Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized 400
Medical care lodging (two people, one night) 160
Hospital bills 2,500
Herbal supplements 75
Dentist bills 250
Prescription drugs and medicines 360
Cosmetic surgery 400
In addition, they drove 124 miles for medical transportation, and their insurance company reimbursed them $500 for the above expenses. Using the Medical and Dental Expenses portion of Schedule A of Form 1040 from Appendix F, calculate the Murphy's medical expense deduction.
If required, round any amount to the nearest dollar. Enter all amounts as positive numbers.
Caution: Do not include expenses reimbursed or paid by others.
Medical 1 Medical and dental expenses (see instructions) 4,397 X
and
2 Enter amount from Form 1040 or 1040-SR, line 11 30,000✓
Dental
Expenses 3 Multiply line 2 by 7.5% (0.075) 2,250 ✓
4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0-
