WebJan 12, 2024 · The Deduction and Your AGI Threshold. You can calculate the 7.5% rule by tallying up all your medical expenses for the year, then subtracting the amount equal to 7.5% of your AGI. For example, if your AGI is $65,000, your threshold would be $4,875, or 7.5% of $65,000. You can find your AGI on Form 1040 . WebMedical and Dental expenses not covered by insurance (out of pocket costs) Following information for all homes owned: Monthly mortgage payments (only principal and interest) ... *CSS Profile is free for domestic students whose family income is up to $100,000/year. For those above that income level, the
CSS Profile - What is that and why do I need to know about it?
WebDec 1, 2024 · IRS Publication 502 defines medical and dental expenses as the costs you pay to receive treatments that prevent, diagnose or treat diseases or other physical and mental ailments. Deductible costs also include equipment expenses, diagnostic services and the supplies necessary to service these conditions. Supplies will include any … WebSep 27, 2024 · Since the CSS Profile is a very in-depth form, families should expect to need additional documents. These will include their W-2 forms and other records of current year income; records of untaxed ... north devon carpets
PROFILE Worksheet for 201 -201 College Year - Reach High …
WebMedical Expenses Under the CSS Profile . Unlike with the FAFSA, the CSS Profile does include a section on medical expenses. Qualifying expenses include medical and … WebView CSS Profile Questions from AC TAXATION at Uxbridge Secondary School. CSS Profile stuff: the student's parents' federal tax return status for 2024 Income from other members of their ... the medical and dental expenses the student's parents paid in 2024 that were not covered by insurance.* Enter the medical and dental expenses the … WebOct 7, 2016 · Extra expenses. The FAFSA bases its financial aid analysis on the assumption that your family has no unusual expenses. The CSS/PROFILE, however, asks about—and may increase your aid eligibility as a result of—many different kinds of expenses, such as medical bills, and other educational expenditures for, say, tutoring or … how to respond to wie gehts dir