In
2017, the deduction threshold for deductible medical expenses remains at 10
percent (same as 2016) of adjusted gross income (AGI). Prior to January 1,
2017, if either you or your spouse were age 65 or older as of December 31,
2016, the 7.5 percent threshold that was in place in earlier tax years
continued to apply. That provision expired at the end of 2016, however, and
starting in 2017, the 10 percent of AGI threshold applies to everyone.
If you would like to schedule a Free Initial Consultation to
learn more about the tax preparation and tax planning & compliance services
we offer to businesses and individuals, send us an e-mail or call Amare Berhie
today at 651-300-4777 to schedule a convenient time.
Amare Berhie, Senior Accountant
CEO, ABA Tax Accounting
651-300-4777
We are
licensed in All States. We are affordable, experienced, and friendly. We are an
Authorized IRS e-file Service Provider.
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