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I read this week that the exemption for medical expenses is being rolled back to 7.5% in 2018 and 2019 from the 10.0% which has been in effect. IMO, probably true.

This morning I read the rollback is retroactive to 2017. That would mean taxpayers itemizing will get an immediate benefit from the new tax law. IMO, possibly true.

My understanding is that the 7.5% medical expense deduction floor is in effect for 2017 and 2018. For 2019 and beyond, the floor will increase to 10% for everyone. Of course, expiration of the 7.5% floor is always subject to further legislation. Please note: the special break for those 65 and over to use a 7.5% floor expired with the 2016 tax year - seniors were going to be subject to the 10% floor, along with everyone else, for 2017 until the new law was signed.

Probably because this was one of the things that changed significantly between the 2 original bills and the conference, I have seen lots of articles misstating the medical deduction impacts. However, in the past, I have found Forbes to be pretty spot on with details of tax legislation:

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