FILE: Texas president's democratic president and former congressman Beto O & # 39; Rourke speaks at a campaign event in Sioux City, Iowa.
9456513] (Democratic presidential candidate Beto O & # 39; Rourke and his wife, Amy, seem to be underpaid their 2013 and 2014 taxes by more than $ 4,000 combined because of an error in the way reported they have their medical expenses, according to the tax returns of the couple who were released on Monday night.
They took deductions for expenses without considering the limitation that only allowed breaks for medical and dental expenses above 10% of the income for people of their age.If they do not get nearly $ 16,000 in medical deductions, their income tax is higher. Those people are likely to be subject to at rates they pay under an alternative minimum tax.
BETO O & # 39; ROURKE Calling ISRAELI LEADER NETANYAHU A & # 39; RACIST & # 39;
"After finding out this error, the accounting firm prepared a filing will immediately know and file an amendment as appropriate, "an advocate for Mr. O & # 39; s Rourke.
The 2013 tax year is the first to provide different income limitations for medical expenses reduction, based on the age of the taxpayer. If a tax preparer does not enter the client's age, the tax software he used was not allowed to allow full reduction instead of deducting, Tony Nitti, a CPA on RubinBrown LLP, said he did the same mistakes those people. Mr. Nitti looked back at the request of The Wall Street Journal.
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Those people, Mr. O & # 39; Rourke is a member of Congress from Texas.
To read more from The Wall Street Journal, click here.