2018 Tax Act: Individual Returns- Medical Expenses
The medical deduction will go back to a floor of 7.5%. Basically, the new law, the threshold for claiming a medical expense deduction is reduced from 10% to 7.5% of adjusted gross income for 2017 and 2018. The effective date for tax years beginning December 31, 2016, and before January 1, 2019. After 2018, the AGI threshold goes back to 10% for all taxpayers.