Frank Ellis Explains New 10% Medical Expense Tax Threshold
Traverse City Tax Preparation Planner Frank Ellis has revealed medical expense tax deductions, plus a new 10% expense threshold for tax deductions. In 2016, uncovered medical expenses will be deductible when itemizing deductions on a tax return. This year, instead of 7.5%, the threshold for deducting medical expenses is 10% of one's AGI.
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