Unreimbursed medical expenses threshold increased

National Health Care Reform Legislation, tax changes, Uncategorized — By on July 6, 2010 at 7:13 AM

The threshold for the itemized deduction for unreimbursed medical expenses would be increased from 7.5% of AGI to 10% of AGI for regular tax purposes. The increase would be waived for individuals age 65 and older for tax years 2013 through 2016 (Effective January 1, 2013).

Source: NAHU

 

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