What Medical Costs Are Tax Deductible for Retirees?
Here's where your presumably lower income during retirement is a potential asset. If your AGI is lower, the threshold that your medical expenses must exceed lowers, providing you with a tax benefit. For example, you'd need expenses in excess of $5,500 on an AGI of $55,000, but you'd need at least $7,500 in expenses if your AGI was $75,000.
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