How much in medical expenses does one have to have in order for it to be tax deductible?
Expense amounts greater than 7.5% of AGI | 03.03.16 @ 21:48
The amount of medical expenses that can be deducted for tax year 2015 actually depends on age. Persons less than 65 can only deduct the excess of 10% above their adjusted gross income (AGI). AGI appears on line 38 of your 1040. However, seniors aged 65 or older get a special tax break. If either you or your spouse were born before January 2, 1951 you can use the lower threshold of medical expenses exceeding 7.5% of AGI. | 03.08.16 @ 03:46