Aaron, age 45, had AGI of $40,000 for 2016. In 2016, he was injured in...
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Aaron, age 45, had AGI of $40,000 for 2016. In 2016, he was injured in a skiing accident and paid $3,600 for hospital expenses and $1,400 for doctor bills. Aaron also incurred medical expenses of $1,200 for his child in 2016. In 2017, Aaron was reimbursed $1,300 by his insurance company for the medical expenses attributable to the skiing accident. What is Aarons deduction for medical expenses in 2016 (take into consideration the 10% AGI limitation). What if the reimbursement happened in 2016, what would Aarons deduction for medical expenses be? (take into consideration the 10% AGI limitation).
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