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Milton and Shirley file a joint tax return on which they itemize their deductions and...

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Accounting

Milton and Shirley file a joint tax return on which they itemize their deductions and report AGI of $50,000. During the year, they incurred $1,500 of medical expenses when Brenda injured her knee. Furthermore, their dentist informed them that their son, Bryan, needs $5,000 of orthodontic work done to correct his overbite. Milton also needs a new pair of glasses that will cost approximately $500. What tax issues should Milton and Shirley consider? Explain.

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