Posted By  |  April 18, 2019

Americans who are 65 and older automatically qualify for basic Medicare insurance, but they may need to pay additional premiums to get the coverage they desire. Premiums can be expensive, especially if you’re married and both you and your spouse are paying them. However, if you qualify, they may help lower your tax bill. Premium […]

Posted By  |  October 6, 2015

Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible- but generally only to the extent that they exceed 10% of your adjusted gross income. Taxpayers ages 65 and older can enjoy a 7.5% floor through 2016. The floor […]