I was reminded this morning that the 7.5% Adjusted Gross Income (AGI) exclusion of medical expenses for taxpayers age 65 or older who itemize on Schedule A will expire on December 31, 2016. So the 2016 Form 1040 is the last year that seniors can take advantage of this lower AGI exclusion. Beginning with tax year 2017 all taxpayers who itemize must reduce […]
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COUNT DOWN TO FILE YOUR RETURNApril 15th, 2015
Last day to timely file your individual tax return or extension.