Dave Collins and Christie Collins have two children, Ron, age 10, and Biki, age 21....
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Dave Collins and Christie Collins have two children, Ron, age 10, and Biki, age 21. The medical expenses and net income for each member of the family for 2021 is as follows:
Medical expense
Net income Dave $ 2,000 $100,000
Christie 3,000 40,000
Ron 600 500
Biki 12,000 9,000
All of the medical expenses were paid by Aras in the 12-month period ending December 31.
Determine the maximum medical expense credit for 2021
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