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Hokie CPA

Joined: 10/28/1999 Posts: 79477
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First return of the year with a Virginia medical adjustment...


Medical expenses are deductible to the extent they exceed 7.5% of adjusted gross income. But not in Virginia. The conformity bill the General Assembly passed, and the Governor signed, excepted the temporary drop in the medical floor, so in Virginia it's still a 10% floor.

I finally had a return where medical deductions were deductible and I had to add back the difference between 7.5% and 10% of their AGI on their Virginia return. Ain't tax season fun?

Posted: 03/07/2018 at 10:05AM


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Current Thread:
 
  First return of the year with a Virginia medical adjustment... -- Hokie CPA 03/07/2018 10:05AM
  Which sucks more?? The poor deduction or the fact that one has enough to -- DonHo-kieHi 03/07/2018 12:51PM
  Old folks. -- Hokie CPA 03/07/2018 12:58PM
  Greatest tax post ever! ** -- Major Kong 03/07/2018 11:28AM
  Fascinating on no levels at all ** -- CPRVHokie 03/07/2018 10:08AM
  Kinda like soccer ** -- RaleighHokie15 03/07/2018 10:44AM
  Lol. Not bad. ** -- CPRVHokie 03/07/2018 11:59AM
  Just like - not kinda ** -- bigbadbird 03/07/2018 11:07AM
  Meh. Raleigh's post was funny. No need to pile on it. ** -- CPRVHokie 03/07/2018 12:05PM
  I figured it might be interesting to anyone who might get to deduct medical -- Hokie CPA 03/07/2018 10:12AM
  My point stands ** -- CPRVHokie 03/07/2018 10:14AM

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