Call to Action to Preserve the Medical Expense Tax Deduction

The National Academy of Elder Attorneys is working with AARP and a few other organizations to prevent the proposed elimination of the medical expense deduction in the new tax bill before Congress.

Unlike other deductions, there is no organized group designed to protect the medical expense deduction (e.g. realtors always organize to protect the home mortgage interest deduction).

I am also an accountant and I sometimes helped other accountants prepare tax returns during “tax season.” I personally know that then they raised the threshold for the medical deduction from 3% to 10% of AGI, they cut off nearly everyone except those who had a catastrophic medical emergency.

While this deduction doesn’t affect lawyers in any way, the medical expense deduction affects many on this list who provide LTC and services for seniors or the disabled.

For the full story from National Academy of Elder Law Attorneys, follow this link.

Bob Gasparro, Esq.