A chance of showers and thunderstorms in the morning. Windy and less humid with highs in the upper 60s. Southwest winds 15 to 25 mph with gusts up to 35 mph...Becoming west 25 to 30 mph with gusts up to 45 mph in the afternoon. Chance of rain 50 percent.
Tax relief can offset these costs by allowing you to lower your tax burden so that you pay less income tax. Can You Deduct Medical Expenses? Yes, you can claim medical expenses on taxes. The IRS permits you to deduct the portion of your medical expenses that exceed 10 percent of your adjusted gross income. The threshold is 7.5 percent if you or your spouse is 65 or older. How to Calculate Your Tax Deduction for Medical Expenses
If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return. Here are eight things you should know about the medical and dental expense deduction: AGI threshold increase. Starting in 2013, the amount of allowable medical expenses you must exceed before you can claim a deduction is 10 percent of your adjusted gross income. The threshold was 7.5 percent of AGI in prior years. Temporary exception for age 65. The AGI threshold is still 7.5 percent of your AGI if you or your spouse is age 65 or older. This exception will apply through Dec. 31, 2016. You must itemize. You can only claim your medical and dental expenses if you itemize deductions on your federal tax return. You can't claim these expenses if you take the standard deduction. Paid in 2013. You can include only the expenses you paid in 2013.