Matt, a Calendar Year Taxpayer, Pays $11,000 in Medical Expenses

True/False

Matt, a calendar year taxpayer, pays $11,000 in medical expenses in 2017. He expects $5,000 of these expenses to be reimbursed by an insurance company in 2018. In determining his medical expense deduction for 2017, Matt must reduce his 2017 medical expenses by the amount of the reimbursement he expects in 2018.