Repealing the Medical Expense Deduction Could Hurt Middle-Class Families
Posted by Center for American Progress on November 27, 2017
A new report from the Center for American Progress argues that the tax bill introduced by House Republicans could hurt middle-class families with high medical expenses. According to Repealing the Medical Expense Deduction Would Harm Some Middle-Class Families, the bill would eliminate the deduction for medical expenses not covered by insurance–a deduction that nearly 9 million families claim each year for medical expenses that exceed 10 percent of their income. If the deduction is eliminated, middle-class families with high medical bills could lose access to lifesaving treatment options and face higher tax bills, the report argues.
https://www.americanprogress.org/issues/economy/reports/2017/11/03/442237/repealing-medical-expense-deduction-harm-middle-class-families/
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