AARP Praises Extension Of Medical Expense Deduction In Spending Bill

The nation’s largest seniors’ lobby applauded Congress for including in its year-end spending package a measure that maintains the 7.5% income threshold for the medical expense deduction for the 2019 and 2020 tax years. The spending package cleared the House on Tuesday (Dec. 17) and the Senate on Thursday (Dec. 19) Without congressional action about 4.4 million Americans with high health costs would have faced higher taxes when filing this season, AARP says in a letter thanking Congress for addressing...