Rule for deducting medical expenses has changed
You may be familiar with the old tax rule that let you take an itemized deduction for unreimbursed medical expenses that exceeded 7½% of your adjusted gross income. For 2013 and future years, the income threshold increases to 10% for taxpayers under age 65. Those 65 and older may continue to use the 7½% threshold through the year 2016.
As always, should you have any questions or concerns regarding your situation please feel free to call.
651 Via Alondra, Suite 715
Camarillo, CA 93012