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An Important Reminder Before Year End

An Important Reminder Before Year End

A big surprise may lie ahead for seniors who itemize medical expense deductions on their federal tax return beginning on January 1, 2017.

One of the provisions included in the Affordable Care Act legislation passed by Congress in 2010 raised the floor for medical expenses that could be taken as itemized deductions from a threshold which exceeded 7.5% to a new threshold of 10% of