Itemized Deduction for Medical Expenses Changes
Beginning January 1, 2017, the rate you can take for your medical expenses is now 10% of your adjusted gross income (prior % was 7.5%). These are all eligible medical expenses that you pay out of pocket for (not covered by your insurance).
Have you received a call from the IRS? The new scam is for someone to call you and say they are from the IRS and that you owe back taxes. They want you to pay immediately by wire transfer, a prepaid debit card or a credit card or you will go to jail, be deported, or lose your driver’s or business license.
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