November 06, 2017
It’s hard to know what is the most cynical part of a tax bill designed to give as much money as possible to Donald Trump and his family, but the elimination of the tax deduction for medical expenses has to rate pretty high on the list. The Post had a good piece on the issue, pointing out how the loss of this deduction will make life considerably more difficult for a couple dealing with early-onset Alzheimer’s disease.
This case is perhaps somewhat extreme, but it is the sort of situation in which families would be in a position to benefit from the tax deduction. It only applies to expenses in excess of 10 percent of a family’s income, so it is only people with large expenses who would be in a situation to benefit from this deduction. Eliminating this deduction is likely to be a considerable financial hardship for families dealing with serious medical conditions.
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