Itemized Deduction Limit 2009
November 15th, 2009Question: Can I use FSA and itemized deduction for different medical expenses?
Our medical expense for 2009 will exceed the FSA limit and 7.5% AGI. My question is, can we use FSA for some medical expenses, and itemized the rest that is not reimbursed by insurance or FSA?
Thanks.
Answer: Yes you can, but for itemizing, only the amount not covered by the FSA can be used to apply to the 7.5% limit – only the total expenses not covered by the FSA that are over 7.5% of your AGI can be used as Itemized Deductions.
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