Submitted By: Bruce
Answered: July 2, 2013 8:30 am

I am deducting the medical fees I paid for my mother, who is 78 and living in her own home, with my itemized medical expenses (I qualify to do this). I’m 55 years old. For 2013, do I apply the 10%- or 7.5%-of-adjusted-gross-income threshold?

Because you are not at least 65 years old by the end of the year, you apply the 10% threshold to all of your itemized medical costs (which include costs related to your mother). If she claimed them on her own return, she could apply the 7.5% threshold.

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Tax Glossary

Capital gain distribution

A mutual-fund distribution allocated to gains realized on the sale of fund portfolio assets. You report the distribution as long-term capital gain even if you held the fund shares short term.

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