Question

deductible medical expenses

Forum|Forum|6 years ago
January 20, 2020
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Your Montana Form 2 under itemized deduction schedule has line 1c multiplying the medical expenses by 10%. The Montana State Forms show 7.5%. which one is correct?

S

StratigosA08

Assuming you are preparing your 2019 tax return, the threshold to deduct medical expenses is 7.5% of adjusted gross income. That is, medical expenses in excess of 7.5% of your income will be deductible for tax purposes.

The amount does change to 10% for 2020 tax returns, but you do not need to worry about that until you are preparing your 2020 tax return!