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Personal Finance and Investing

IbogaProject

(6,109 posts)

4. Yes a lot of things were consolidated into the new standard deduciton

Reply to ALBliberal (Reply #3)

Thu Jun 4, 2026, 05:25 PM

3 hrs ago

They got rid of the exemption and now just have a larger standard deduction. Eliminating the standard exemption was a tax hike on everyone with that change hitting the bottom the hardest.
Also from the IRS: Generally, you can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI.

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ALBliberal

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Highlight:

Income tax problem - - accountant seems to have ghosted me. Due to medical issues, I have taken over much of [View all] 3Hotdogs 9 hrs ago OP

I wouldn't know what else to do. Old-8643 9 hrs ago #1

DEFINITELY time for a new accountant! lastlib 9 hrs ago #2

She may not actually get the benefit of a medical deduction ALBliberal 9 hrs ago #3

Yes a lot of things were consolidated into the new standard deduciton IbogaProject 3 hrs ago #4