Did the new tax law lower the percentage of medical deductions required to deduct in 2017?

Bubo1 · ‎June 4, 2019

DoninGA · ‎June 4, 2019

The tax code changed the amount of medical expenses that are deductible to the amount over 7.5% of AGI for 2017 and 2018 only. The 10% of AGI goes back into effect in tax year 2019 and beyond.

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DoninGA · ‎June 4, 2019

The tax code changed the amount of medical expenses that are deductible to the amount over 7.5% of AGI for 2017 and 2018 only. The 10% of AGI goes back into effect in tax year 2019 and beyond.

SweetieJean · ‎June 4, 2019

but I don't think TT has yet updated this in the program.

dscafe09 · ‎June 4, 2019

It still isn't updated as of 1/5/18. Seems pretty simple to change.

xmasbaby0 · ‎June 4, 2019

It is not so simple since TT has to wait for the IRS. It is scheduled to be changed on January 11.

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DoninGA · ‎June 4, 2019

Right. Even the IRS has not yet released Schedule A for 2017 on their website.

Did the new tax law lower the percentage of medical deductions required to deduct in 2017?