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I entered my medical expenses, and claimed them on this tax return. I have surpassed the minimum threshold amount, and yet my taxable income is unchanged. Why?
Sunday
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Credits and deductions
Medical expenses are not deducted until Line 33099, so Line 26000 Taxable income is not changed when you add medical expenses.
Thursday
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Credits and deductions
Ok thank you. I think I asked my question incorrectly, because what I'm really trying to understand is why do I still owe the exact same amount of money on my return? I entered over $1k of expenses.
Friday