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2. How to Deduct Medical Expenses on My Taxes - AOL

   www.aol.com/deduct-medical-expenses-taxes...

   President Trump's Tax Cuts and Jobs Act allowed taxpayers in 2017 and 2018 to deduct the total amount of medical expenses that exceed 7.5% of their adjusted gross income (AGI).

3. Medical Expenses You Can Deduct From Your Taxes - AOL

   www.aol.com/finance/medical-expenses-deduct...

   For tax year 2020, the IRS permits you to deduct the portion of your medical expenses that exceeds 7.5% of your adjusted gross income, or AGI. But not everyone will be able to claim medical ...

4. Five Medical Costs You Can Actually Deduct on Your Taxes - AOL

   www.aol.com/five-medical-costs-actually-deduct...

   The post Five Medical Expenses You Can Deduct on Your Taxes appeared first on SmartReads by SmartAsset. ... say that you make $100,000 in taxable income and have $10,000 in combined medical ...

5. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Certain types of income are exempt from income tax. Among the more common types of exempt income are interest on municipal bonds, a portion of Social Security benefits, life insurance proceeds, gifts or inheritances, and the value of many employee benefits. Gross income is reduced by adjustments and deductions.

6. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

7. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   Medical expenses, only to the extent that the expenses exceed 7.5% (as of the 2018 tax year, when this was reduced from 10%) of the taxpayer's adjusted gross income. [2] (For example, a taxpayer with an adjusted gross income of $20,000 and medical expenses of $5,000 would be eligible to deduct $3,500 of their medical expenses ($20,000 X 7.5% ...