First, figure out if you qualify for deductions. You can deduct only the amount of your medical expenses that is more than 7.5% of your Adjusted Gross Income (AGI). To do this add up all your medical expenses for 2011.(A list of deductible expenses can be found here at the IRS website .).tep 3: Do the Math. You can deduct ONLY the amount of your medical expenses that is more than 7.5% of your Adjusted Gross Income (AGI). For example, if your AGI is $40,000 then 7.5% of that income is $3,000.
Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Lead(noun) one of the elements, a heavy, pliable, inelastic metal, having a bright, bluish color, but easily tarnished. 2  Lead(noun) an article made of lead or an alloy of lead. 3  Lead(noun) a plummet or mass of lead, used in sounding at sea.
A library featuring commonly committed errors of the English language. The past tense of the verb leadâpronounced LEEDâis led, which is the conjugation used for all subjects. Instead, people commonly write its homophone, lead, which refers to the element on the periodic table. There is a triangular relationship between these three words: Lead and lead are homonyms, led is a conjugation of lead, and led is a homophone of lead, the metal.