Medical expense deductions can be difficult for many taxpayers to claim. That’s because most people can only deduct qualified medical expenses, which haven’t been reimbursed by insurance, to the extent they exceed 10% of adjusted gross income (AGI). However, if either you or your spouse were at least age 65 as of Dec. 31, 2016, a 7.5%-of-AGI deduction threshold applies for the 2016 tax year, making it a little easier for you to get a tax break. Be aware that beginning Jan. 1, 2017, the 10% threshold will apply to all taxpayers, including those over 65.
