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During 2011, Emily sustains serious injuries from a snow-skiing accident. She incurs the following expenses:
Item
Amount
Doctor bills
$11,700
Hospital bills
9,400
Hot and warm sauna
15,000
Legal fees in suit against ski resort
3,000
Emily is single and has no dependents. For the year, her AGI is $58,000. In 2011, she pays $600 in medical and dental insurance premiums, which are withheld from her paycheck on an after-tax basis, $2,750 in mortgage interest on her home, and $1,200 in interest on her car loan. Her health insurance provider reimburses her for $10,000 of the medical expenses. Based on her doctor's recommendation and prescription, Emily had a contractor install a certified hot and warm sauna at a cost of $15,000 in the year. She paid all of it with her savings in 2011. The Fair Market Value of the property improved by $7,500. Emily had real estate taxes of $4,000 on her property. Emily had no other personal exemptions. Based on this case study information, determine Emily's itemized deductions. Which of these items can and cannot be listed as medical deductions? Why? What is her 2011 taxable income?
The three directors are paid $10,000 each. One of the directors has been ill for the whole year and his duties were performed by the other directors.
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