26 Ways the GOP’s Tax Reform Will Affect Your Wallet

8. Medical Deductions Survive … and Get Healthier

Despite efforts to eliminate the deduction for medical expenses, the new law is actually more generous than the old one. Under the old rules, medical expenses were deductible only to the extent they exceeded 10% of adjusted gross income. For 2017 and 2018, however, the threshold drops to 7.5% of AGI. Come 2019, the 10% threshold returns.

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