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What is the standard tax deduction for medical expenses?

Date: Mon, 01/29/2018 - 22:23

Submitted by Warren.fence
on Mon, 01/29/2018 - 22:23

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Total Replies: 4

What is the standard tax deduction for medical expenses?


What is the standard tax deduction for medical expenses?


The limit remains at 7.5% of Adjusted Gross Income until Dec. 31, 2016 if you are married and only one of you is age 65 or older. But from Jan. 1, 2017, the 10% threshold will apply to all taxpayers, including those over 65.


lrhall41

Submitted by tiarajoseph11 on Wed, 01/31/2018 - 04:23

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It's 7.5% of your gross adjusted income.
But it will only be valid for this year.,,.. and is expected to see a rise back to 10% in 2019 and through!


lrhall41

Submitted by Phil Bradford on Wed, 01/31/2018 - 04:51

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