Categories: Mind & Soul

14 Valuable Tax Breaks for Seniors

MEDICAL AND DENTAL EXPENSES

People 65 and older can deduct medical and dental expenses — potentially huge for seniors — that total more than 7.5 percent of adjusted gross income (the amount will increase to 10 percent for 2017 taxes next year). These expenses include devices like wheelchairs or hearing aids, in-home nursing or caregiving, and prescribed nutritional supplements.

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