Yes, unless you state to not optimize your medical expenses.
The reason for moving medical expenses to lower income spouse is because of the 3% of income threshold - expenses in excess of 3% of the net income or $2,237 (the lesser of these two) will be claimed. So it would be more advantageous for the person with the lower income to claim medical expenses.
For more info:
Yes, unless you state to not optimize your medical expenses.
The reason for moving medical expenses to lower income spouse is because of the 3% of income threshold - expenses in excess of 3% of the net income or $2,237 (the lesser of these two) will be claimed. So it would be more advantageous for the person with the lower income to claim medical expenses.
For more info:
sevbatz101
Returning Member
terrance-tarle
New Member
Bgmuirhead
New Member
Bgmuirhead
New Member
nosynootnoot
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.