2015 Tax Extenders Summary

December 18, 2015

Congress has finally sufficiently collaborated to propose the “Tax Extenders” legislation in which a large number of expired tax provisions will be extended, some permanently.

“Healthy” Medical Deductions

March 12, 2013

Taxpayers who itemize their deductions may deduct medical expenses they paid exceeding 7.5 percent their adjusted gross income and this limitation increases to 10% of AGI in 2013.