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AARP Public Policy Institute
by Maxim Shvedov, Public Policy Institute, November 6, 2017
Full Report (PDF)
Today taxpayers with high out-of-pocket medical expenses may be able to deduct a portion of their costs from their taxable income. In 2015, 8.8 million taxpayers relied on this tax provision, deducting $86.9 billion. Between 2016 and 2020, the deduction is estimated to reduce the tax bill of these taxpayers by a total of $56.6 billion.
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A State Scorecard on Long-Term Services and Supports for Older Adults, People with Physical Disabilities, and Family Caregivers
By 2030, one out of every five people in the United State will be 65-plus. Will your community be ready?
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