2020 and 2021 Medical Expense Deduction Income (AGI) Limit

In 2019, the IRS allows all taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceeds 7.5% of their adjusted gross income. Beginning in 2020 and into 2021, the threshold amount increases to 10% of AGI. [Source: TurboTax] [Prior year …

Read More