FILE: democratic presidential candidate and former Texas Congressman Beto O’rourke speaks during a campaign event in Sioux City, Iowa.
(Justin Wan/the Sioux City Journal via AP)
Democratic presidential candidate Beto O’rourke and his wife, Amy, seem to be under paid your 2013 and 2014 taxes of more than $4,000 combined, because there is an error in the way you are about your medical expenses, after taxes, the couple, released on Monday evening.
You took the deduction for these costs, regardless of the threshold, the only allowed Pause for medical and dental expenses in excess of 10% of income for people of their age. She had not taken the nearly $whose taxable income would have been 16,000 medical deductions, later. In those years it would have been likely to be subject to the prices they paid under the alternative minimum tax.
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“After this error, be prepared, the accounting firm, that the sum was immediately informed and the file is an amendment, as appropriate,” an aide, Mr. O’rourke said.
The year 2013 was the first, that, subject to various income limits for the medical expense deduction based on taxpayer’s age. If a tax preparer is not told in the client’s age, tax software he or she uses, by default, to the full deduction of input VAT in lieu of business tax, said Tony Nitti, CPA at Rubin brown LLP, he made the same mistake in those years. Mr. Nitti saw the return, at the request of the Wall Street Journal.
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In these years, Mr. O’rourke, a member of Congress from Texas.
Read more from The Wall Street Journal, click here.