Should I be carefully timing when I incur medical expenses?
The Tax Cuts and Jobs Act has lowered the threshold for deducting unreimbursed medical expenses in 2018. It may be wise to incur medical expenses in 2018 to take advantage of this reduced threshold. View this video to learn more about deducting medical expenses on your tax returns.
If you have questions on how and when to claim qualified medical expenses you should contact your Untracht Early tax advisor.