Tag: unreimbursed

  • TCJA Temporarily Lowers Medical Expense Deduction Threshold

    TCJA Temporarily Lowers Medical Expense Deduction Threshold

    With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily reduced the threshold. What expenses are eligible? Medical expenses may…