When evaluating the tax benefit of medical expense payments, it is important to know that you must incur significant medical expenses before the first dollar becomes deductible. On Federal, taxpayers must meet a 7.5% of adjusted gross income (AGI) threshold before they receive any benefit. So, for a taxpayer with $200,000 of income, uncovered medical...Read More The post Itemized Deductions Series - Part 2: Deductions and Medical Expenses appeared first on Dent Moses, LLP.
