The Federal requires medical expenses to exceed 7.5% of your AGI. But I have an uneasy feeling that Minnesota is still stuck at 10% but I can't seem to find confirmation on this anywhere.
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Yes, MN still believes the federal threshold is 10% of your AGI and mirrors this amount.
Here is the language from the legislature:
For tax year 2017, the federal income tax allows itemized deductions for:
Source: www.house.leg.state.mn.us/hrd/issinfo/txdeducs.aspx?src=20
The federal threshold was expected to be 10% until the 7.5% was extended on December 22, 2017. Many of the publications and forms were already drafted for this tax season. At this time, MN has not updated their publications.
Yes, MN still believes the federal threshold is 10% of your AGI and mirrors this amount.
Here is the language from the legislature:
For tax year 2017, the federal income tax allows itemized deductions for:
Source: www.house.leg.state.mn.us/hrd/issinfo/txdeducs.aspx?src=20
The federal threshold was expected to be 10% until the 7.5% was extended on December 22, 2017. Many of the publications and forms were already drafted for this tax season. At this time, MN has not updated their publications.
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