AARP is urging Congress to stop a tax increase on 4.4 million Americans with high healthcare costs. If Congress fails to act, Americans with high out-of-pocket medical costs will be hit with an unexpected tax increase when they go to file their 2019 taxes.
According to AARP, the medical expense deduction provides tax relief for millions of Americans, especially older adults and people with disabilities. Allowing tax deductions for expenses like home-based care; insulin and other prescription drugs; long-term care services and related insurance premiums; and nursing homes helps make healthcare more affordable for those with high healthcare costs.
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