This is the last year you can deduct medical expenses that exceed 7.5% of your adjusted gross income. Next year, the threshold will rise to 10% for adults of all ages, so now’s the time to decide whether you want to take advantage of the lower hurdle while you can.
“This is definitely the year to bunch medical expenses,” Lisa Greene-Lewis, a tax expert at TurboTax, tells MONEY. “Starting with your 2019 taxes the threshold will go up to 10%, so you really want to try to maximize them this year.”
Read more at Time.
