Seniors
Related: About this forumIf you itemize your deductions
From IRS.gov
Temporary exemption for taxpayers age 65 and older
There is a temporary exemption for individuals age 65 and older until Dec. 31, 2016. If you are 65 years or older, you may continue to deduct total medical expenses that exceed 7.5% of your adjusted gross income through 2016. If you are married and only one of you is age 65 or older, you may still deduct total medical expenses that exceed 7.5% of your adjusted gross income.
This exemption is temporary. Beginning Jan. 1, 2017, the 10% threshold will apply to all taxpayers, including those over 65.
LiberalEsto
(22,845 posts)The threshhold used to be 5% some years ago. It really hurt to lose this deduction.
The 1% keep getting more and more loopholes and deductions.
The rest of us keep losing more and more deductions.
question everything
(49,084 posts)Because I always used the 7.5%. I guess this was before my "senior" years.