Should you “bunch” medical expenses into 2015?
Should you “bunch” medical expenses into 2015? Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible. Though generally only to the extent that they exceed 10% of your adjusted gross income. Taxpayers ages 65 and older can enjoy a 7.5% floor through 2016. The floor for alternative minimum tax purposes, however, is 10% … Read more