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J.K. Lasser's Your Income Tax 2014: For Preparing Your 2013 Tax Return by J. K. Lasser

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Chapter 17

Medical and Dental Expense Deductions

If you itemize and have high unreimbursed medical expenses, you may be able to deduct some of your expenses, but only if they exceed a substantial income floor. Starting with 2013 returns, your unreimbursed costs must exceed 10% of your adjusted gross income if you are under age 65; the expenses up to 10% of AGI are not deductible. If you are at least age 65, the floor remains 7.5% of AGI as in prior years (17.1).

A different rule applies if you are self employed and paid health insurance premiums. As a self-employed person, you do not have to itemize your premiums; you can claim 100% of the premiums as an ...

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