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ACCT Documents

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ACCT Flashcards

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  • 14 terms

    Term:

    The adjusted gross income (AGI) limitation on medical expense is 15%

    Definition:

    FALSE - Medical expense can be deducted to the extent that they exceed 10% of the taxpayer's AGI. If the taxpayer is age 65 or older, the 10.0 limit applies.

    • Ch 5 Itemized Deductions
    • 14 terms
    • Vocabulary for Ch 5 Itemized Deductions. Find, create, and access flashcards with Course Hero.

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