What is the standard tax deduction for medical expenses?
Date: Mon, 01/29/2018 - 22:23
What is the standard tax deduction for medical expenses?
If you are a beginner, then
Submitted by Sanders Patricia on Tue, 01/30/2018 - 05:38
( Posts: 1241 | Credits: )
The limit remains at 7.5% of
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.
It's 7.5% of your gross
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!