Tax Year 2020 % of AGI for Medical Deductions should be 7.5%
I've discovered the current % of AGI for Medical Deductions for Tax Year 2020 is 10% in the Quicken Tax Planner, whereas, I believe it should be 7.5%.
I found the following information on the web:
As posted 12/3/20, Your Guide to 2020 Tax Deduction
"Medical expense deduction. Qualified health care expenses such as those spent on the diagnosis, treatment or prevention of a disease may be subtracted from your adjusted gross income as itemized deductions. You may only deduct those unreimbursed medical expenses that exceed 7.5% of your AGI. Unnecessary procedures, such as cosmetic surgery, aren't eligible".
Will this be corrected in the Tax Planner?
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