On Friday, Republicans released their final tax bill. Not only does the legislation retain the medical expense deduction, but it also temporarily expands the deduction for two years.
The National Association for Elder Law Attorneys played a critical role in lobbying to protect this deduction. When the House version of the tax bill was introduced last month, few organizations understood the potential devastating impact this would have on individuals with high medical and long-term care expenses.
Read more about the medical deduction and NAELA’s role in preserving it here.
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About Evan H Farr, CELA, CAP
