[Anonymous]

Could someone help me understand the medical adjustment for calculating AMT? Becker says that a medical deduction is an adjustment for calculating AMT to the extent that it does not exceed 10% of AGI. However, that’s the same rule as for regular tax purposes, so why would it be adjusted for AMT? Can someone help me understand what I’m missing? Thanks!

[Anonymous]

Because if ur 65+ the deduction is 7.5% although I think that rule is outdated now.

[Anonymous]

That makes sense. Thanks for your help!

[Anonymous]

The rule used to be 7.5% of AGI. It is now 10%. makes our life easier 😀

[Anonymous]

The rule still is 7.5% of AGI if age 65 and older.

According to the IRS, the law is temporary (until Dec 31, 2016) where taxpayers age 65 and older can deduct medical expenses exceeding 7.5% of their AGI.

https://www.irs.gov/Individuals/2013-Changes-to-Itemized-Deduction-for-Medical-Expenses

So I'm still confused as to what becker is talking about for the medical deduction decrease for AMT?

[leglock]

Another poorly written item by becker. In essence someone over 65 can deduct medical expenses above 7.5 percent. Amt allows u to not add back any deduction u took in excess of ten percent. Therefore for someone over 65, u have to aDd back the difference between 10 percent and 7.5 percent

If ur under 65, u r only allowed to deduct that which is above 10 percent. Amt also allows u to not do an addback for the amount above ten percent, therefore if ur under 65 there is no addback, only if ur ovr 65 will there b an addback and it will b for 10 – 7.5 percent

[Author]

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