Make 100% of out-of-pocket healthcare expenses tax deductible, not just expenses over 7.5% of AGI. Many of us are struggling with chronic diseases that are astronomically expensive. We cannot afford effective treatment plus the costs of inflation. An additional tax deduction would help.
Absolutely this is a much needed deduction for the family’s who spend enormous out of pocket for their children and adults dependent on the parent. I have a 28 yr old dependent child whose out of pocket expenses are large, medical, dental alternative all mount up each year.
Thank you and I could help write this bill, let me know, I’m not asking for someone else to do all the work.
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Good to meet you, Dawn. I’m so sorry about your adult child… and the expenses you’re incurring. The costs can mount up so quickly.