The threshold amount for the deductibility of allowable medical expenses for those under 65 in 2014 is:
A)10% of AGI.
B)10% of taxable income.
C)7.5% of AGI.
D)7.5% of taxable income.

Name: The threshold amount for the deductibility of allowable medical expenses for those under 65 in 2014 is: A)10% of AGI. B)10% of taxable income. C)7.5% of AGI. D)7.5% of taxable income.
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Question

Quizplus · Accepted Answer

In 2014, the threshold for deducting medical expenses for those under 65 was 10% of Adjusted Gross Income (AGI).

The Threshold Amount for the Deductibility of Allowable Medical Expenses