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New Member
posted Jun 6, 2019 7:08:39 AM

Does the tax software include the medical expense deduction threshold of 7.5% for 2017?

Change brought about by the new tax reform legislation.

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6 Replies
Level 15
Jun 6, 2019 7:08:41 AM

It will but probably not until sometime late January due to the late change. 

Level 2
Jun 6, 2019 7:08:42 AM

Is is certain that the Medical Deduction Threshold for 2017 (for everyone) is 7.5% of AGI?

Level 15
Jun 6, 2019 7:08:44 AM

Yes.  But it will take several weeks or so for the software to update for the change.

Level 2
Jun 6, 2019 7:08:46 AM

Okay, because I ran an update this morning, and it still appears to be a 10% calculation.

Level 15
Jun 6, 2019 7:08:47 AM

That's because the IRS has not approved Schedule A.

Level 2
Jun 6, 2019 7:08:48 AM

Thanks for the prompt replies...