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To: Ron who wrote (236890)11/5/2013 2:37:00 PM
From: neolib  Respond to of 542060
 
Up until now if your medical expenses, including health insurance exceed 7.5% of your income you can deduct them as an individual

But you can deduct only the portion > 7.5% IIRC.



To: Ron who wrote (236890)11/6/2013 5:57:29 AM
From: Bread Upon The Water  Respond to of 542060
 

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

Yes, that is the percentage I was referring to--and I see you have scoped that out in our answer to Neo-lib


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