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Susan M. Walla, CFP®, EA

HOME
2025 DEADLINES
NEWS
Client News and Tips
2024 Limits and Helpful Info
Tax Cut and Jobs Act
Disasters
FAQ
Can We Help You?
About My Return
Taxes, Audits, Extensions, Amendments
Where Do I Send My Return?
Information for Clients
Useful Links
ABOUT
CONTACT US
karen walla
January 1, 2024

Reduced Hurdle for Medical Deductions

karen walla
January 1, 2024

One item that changed with the Tax Cut Act of 2018, is the reinstatement of the 7.5% of your AGI floor of your medical expenses.  Set to be increased to 10%, late in December, 2019, Congress decided to keep this rate at 7.5% for all taxpayers, regardless of age.

Newer PostEarned Income Tax Credit Reminder...
Older PostSimplified Home Office Deduction
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Susan M Walla, CFP, EA, 925 Harvest Drive, Suite 170, Blue Bell, PA 19422(215) 540-0966

All items discussed on this web site are for information only and are not meant as tax advice. Please consult your own tax advisor to see how each item affects your unique situation.