Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (236883)	11/5/2013 2:32:48 PM
From: Ron	Read Replies (2) \| Respond to of 542059

I should have been a little more specific: Up until now if your medical expenses, including health insurance exceed 7.5% of your income you can deduct them as an individual, don't have to do it through a business. However the threshold increases to 10% with this tax year. But a lot of people paying $800 a month or more for medical insurance have no problem reaching the deductible threshold. So some people won't qualify and with the reduced premiums if they get the tax credit subsidy, still fewer. There will be a sweet spot for some, however. One's mileage will vary :) I'm thinking tax preparers are going to be extra busy over the next couple of years.