10 percent or 7.5 percent

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    Topic
  • September 11, 2013 at 3:21 pm #180405
    Anonymous
    Inactive

    What is the AGI limit for medical expense deduction from now on-wards? Anyone know?

    Thank you,

    Sincerely, Alexander Dernfel III.

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  • September 11, 2013 at 3:55 pm #455331
    Never_Give_Up1
    Member

    It is 10% going forward.

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    September 11, 2013 at 3:55 pm #455471
    Never_Give_Up1
    Member

    It is 10% going forward.

    FAR - 81
    REG - 81
    AUD - 82
    BEC - 81

    Ethics - Done
    State License Exam - Done

    License - Licensed CPA in Utah

    September 11, 2013 at 4:07 pm #455333
    barelystayingsane
    Member

    10% for individuals under 65; 7.5% for individuals 65 or older

    September 11, 2013 at 4:07 pm #455473
    barelystayingsane
    Member

    10% for individuals under 65; 7.5% for individuals 65 or older

    September 11, 2013 at 4:12 pm #455336
    jeff
    Keymaster

    10% – get the free REG Individual Tax NINJA Notes here: https://www.another71.com/cpa-exam-study-plan/

    September 11, 2013 at 4:12 pm #455475
    jeff
    Keymaster

    10% – get the free REG Individual Tax NINJA Notes here: https://www.another71.com/cpa-exam-study-plan/

    September 11, 2013 at 5:16 pm #455338
    terranz
    Member

    @Jeff – how does this affect AMT?

    I'm thinking it should bc usually you have to adjust from 7.5 to 10%. Atleast I swear i've seen some question testing this. Is this not applicable now?

    thanks!

    September 11, 2013 at 5:16 pm #455477
    terranz
    Member

    @Jeff – how does this affect AMT?

    I'm thinking it should bc usually you have to adjust from 7.5 to 10%. Atleast I swear i've seen some question testing this. Is this not applicable now?

    thanks!

    September 11, 2013 at 5:20 pm #455340
    jeff
    Keymaster

    For under 65, Med Expense is no longer a factor with AMT since they are both 10% thresholds.

    September 11, 2013 at 5:20 pm #455479
    jeff
    Keymaster

    For under 65, Med Expense is no longer a factor with AMT since they are both 10% thresholds.

    September 13, 2013 at 10:02 pm #455342
    Anonymous
    Inactive

    That was my next question Jeff.

    September 13, 2013 at 10:02 pm #455481
    Anonymous
    Inactive

    That was my next question Jeff.

    September 14, 2013 at 12:44 am #455346
    iwantmylifeback_
    Member

    Woops maybe I disclosed too much, sorry Jeff!

    But the whole 10% vs 7.5% issue is confusing.

    BEC 85
    AUD 99
    REG 88
    FAR 93

    September 14, 2013 at 12:44 am #455485
    iwantmylifeback_
    Member

    Woops maybe I disclosed too much, sorry Jeff!

    But the whole 10% vs 7.5% issue is confusing.

    BEC 85
    AUD 99
    REG 88
    FAR 93

    September 14, 2013 at 12:45 am #455348
    Anonymous
    Inactive

    iwantmylifeback_ what do you mean?

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