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Everything posted by bogiesmom
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I would have to come up w/ $5.2K more in additional itemized expenditures (property, charity, vehicle regist fees) in order to take the itemized medical expenses. Does this sound right to you? It sounds like it boils down to me not being a property owner. I am dying to hear if any other single renters were able to deduct it.
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7.5% of my income is about $4.4K. Our medical for last year were approx $7550 (including band ones) for me & my son. I was told I can only deduct a total of $3,125 since this is the amt OVER 7.5%. Since the standard deduction for head of household w/ dependent is $8,350 I would have to come up w/ $5.2K more in additional itemized expenditures (property, charity, veh...