MEDICAL AND DENTAL EXPENSES
People 65 and older can deduct medical and dental expenses — potentially huge for seniors — that total more than 7.5 percent of their adjusted gross income from 2018. The threshold, however, will climb to 10 percent in this year.
These expenses include devices like wheelchairs or hearing aids, in-home nursing or caregiving, and prescribed nutritional supplements. To claim the deduction, taxpayers must itemize, which may no longer be advantageous because of the newly increased standard deduction.
