One more Medical Itemized Expenses

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  • #180053
    Anonymous
    Inactive

    Is the test for medical expenses for individuals still 7.5% or is there a change in 10% of medical expenses in effect….i am completely unaware of this since i have 2013 edition of becker….but it has 2012 items in it

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  • #434944
    peetree
    Member

    10% now.

    FAR 02/21/13 - 95
    REG 07/02/13 - 87
    AUD 08/02/13 - 94
    BEC 08/30/13 - 85
    Ethics Exam - 90

    Illinois candidate awaiting his license

    Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

    #434945

    10%; but as Becker says usually questions are based around things that do not change much (ie %'s). Example: Mary has an AGI of 80k and has the following:

    Doctors: 10k

    Medical Miles : 130 (assume 55.5 rate, usually given)

    Maxi Pads for Period: $140

    Dildo: $62

    Dentist: $780

    Optometrist: $1,080

    Vitamins recommended by yoga instructor: $136

    Yoga, to feel and look good : $800

    What is her medical deduction before AGI limitations?

    This is based on an actual client, with names and numbers changed around for privacy; but very representative of what could be on the test / what actual clients give you.

    Also if they ask for a %, see if it asks for 201X law and if the option for 7.5 or 10% is there.

    ALL 4 parts passed summer 13
    Ethics October 13
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    Becker Only

    #434946
    Anonymous
    Inactive

    ok thanks guys…..and whooper thanks for the section 1231 that was a real big help much apprecaited

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