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Medical Expense Deductions Explained by Krystal Reyes is a document available to read on EtoBox.

What is Medical Expense Deductions Explained about?

The document discusses the medical expenses deduction, which allows taxpayers to deduct unreimbursed medical expenses that exceed 7.5% of their adjusted gross income. It notes that medical expenses include costs for health insurance, doctors, hospitals, tests, drugs, and equipment for the taxpayer, spouse, and dependents. The threshold will remain at 7.5% until increasing to 10% in 2021.

Author

Krystal Reyes

Language

EN