Higher Standard Deduction Means Fewer Taxpayers to Itemize

2 days ago … The new tax law does preserve the medical-expense tax deduction — supported
by AARP. The law allows Americans to write off medical expenses that exceed
7.5 percent of their adjusted gross income in 2017 and 2018, and above 10
percent in 2019 and beyond. Still, the higher standard deductions also …

Permalink — https://www.aarp.org/money/taxes/info-2018/new-standard-deduction-fd.html
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Date — January 23, 2018 5:00 am
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Source — https://search.aarp.org/rss/section/money/
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