Medical expenses deduction threshold.

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  • #8005
    Howard16
    Participant

    For 2020, is the percentage threshold for deducting medical expenses 7.5%,or 10% of AGI? Thank you.

    #8006
    kaneohe
    Participant

    sounds like 7.5%

    “Additionally, Congress recently extended — for tax years 2019 and 2020 — a lower threshold to get it. That is, medical expenses above 7.5% of your adjusted gross income can count toward the deduction, instead of the 10% floor that was scheduled.”

    sorry this site appears to have non-user friendly link posting so I can’t post it………..

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