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The Schedule A in the 2019 TurboTax program has been updated for the 7.5% of AGI for medical expenses.
Your reply makes me MORE nervous actually. The tax law changed for 2019 and it should have been updated FROM 7.5% to 10%. Has turbo tax online been updated to 10%?
From IRS Pub 502
How Much of the Expenses Can You Deduct?
Generally, you can deduct on Schedule A (Form 1040 or 1040-SR) only the amount of your medical and dental expenses that is more than 7.5% of your AGI.
Pub 502 Medical and Dental Expenses
@johnerickson77 wrote:
Your reply makes me MORE nervous actually. The tax law changed for 2019 and it should have been updated FROM 7.5% to 10%. Has turbo tax online been updated to 10%?
The tax code was changed in the Spending Bill passed by Congress and signed by the President in December 2019. The medical expense deduction on Schedule A has change to 7.5% from the scheduled 10%.
IRS Schedule A (2019) - https://www.irs.gov/pub/irs-pdf/f1040sa.pdf

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