Tax Year Prior to 2020: Medical Expenses deduction

[charlieb2]

I'm just finding out just how messed up TurboTax 2019 is!

Schedule A, in a just updated TT Deluxe 2019 says medical expenses that exceed 7.5% of AGI are deductible.

Current Publication 502 for 2019 says medical expenses that exceed 10% of AGI are deductible.

I checked because I just saw a Dave Ramsey email about tax changes that said that for 2019, the threshold is 10%, NOT 7.5%, as for previous years.

It's January 30!  It's ridiculous that by now, Turbotax can't get something like this right.

[charlieb2]

Does no-one at Turbotax check for tax-las changes???  That should have been done before TT 2019 was released back in December!

[xmasbaby0 · Accepted solution]

On December 20, 2019 Congress changed it back to 7.5%. 

[VolvoGirl]

The IRS changed it back to 7.5%.  I'm looking for a link.  Turbo Tax was updated back to 7.5% on Jan 15, 2020.

[VolvoGirl · Accepted solution]

Found this......

The floor for Medical deductions went back to 7.5% for everyone on the Consolidated Appropriations Act, 2020 passed on December 19, 2019.

https://storage.pardot.com/339101/115504/Consolidated_Appropriations_Act_2020.pdf

[VolvoGirl · Accepted solution]

What current pub 502 did you find?  This IRS Publication 502 dated Jan 21, 2020 now says 7.5% on page 2 Introduction 3rd paragraph,

https://www.irs.gov/pub/irs-pdf/p502.pdf

[charlieb2]

I found a Pub 502 on IRS website that said for 2019, and said 10% threshold on medical expenses.  I evidently found the newer one later, because the pdf file I have saved now says 7.5%, as you state.

[Macoy20748]

For 2020 taxable income, is medical deduction threshold 7.5% or 10% or some other percentage? Is tax program software up to date with IRS on this matter?

[VolvoGirl]

It is staying at 7.5% for everyone, under or over 65.

[JulieC14]

The medical deduction threshold is 7.5% for 2020.  And, yes, the TurboTax software is up to date on this item. 

For future questions related to whether TurboTax is up to date on a particular item, you can double check the availability of forms being up to date in TurboTax through this link:   IRS Form Availability in TurboTax 

If you are using the downloaded version of TurboTax, please make sure to keep your software program up to date.