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What is the standard tax deduction for medical expenses?

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What is the standard tax deduction for medical expenses?




For 2017 or 2018?

For 2018, it's 7.5% of Adjusted Gross Income.

Sub: #1 posted on Tue, 01/30/2018 - 14:10

ditchdebt ditchdebt

(Posts: 648 | Credits: 251.77)

If you are a beginner, then seek help from a tax expert.

Sub: #2 posted on Tue, 01/30/2018 - 19:08

sanderspatricia29 sanderspatricia29

(Posts: 558 | Credits: 58.49)

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.

Sub: #3 posted on Wed, 01/31/2018 - 17:53

tiarajoseph11 tiarajoseph11

(Posts: 274 | Credits: 39.57)

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!

Sub: #4 posted on Wed, 01/31/2018 - 18:21

Phil Bradford Phil Bradford

(Posts: 157 | Credits: 16.04)

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