Frazer LLP Blog

Should you bunch your medical expenses in 2017?

Oct 16, 2017 1:14:00 PM / by Jamie Fortin, CPA posted in Tax, Tax Savings, Medical Expenses

0 Comments

Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example is the medical expense deduction.

Because it can be difficult to exceed the floor, a common strategy is to “bunch” deductible medical expenses into a particular year where possible. If tax reform legislation is signed into law, it might be especially beneficial to bunch deductible medical expenses into 2017.



Read More

Subscribe to Email Updates

Recent Posts

Popular Posts