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The IRS allows a taxpayer to deduct medical expenses that exceed 7.5% of their adjusted gross income. Which of the following is considered a tax deductible medical expense under this rule?
Options
A) Long Term Care insurance premiums
B) Dread Disease insurance premiums
C) Travel accidental insurance premiums
D) Individual disability income insurance premiums
Answer: A) Long Term Care insurance premiums
The above question The IRS allows a taxpayer to deduct medical expenses that exceed 7.5% of their adjusted gross income. Which of the following is considered a tax deductible medical expense under this rule?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
