249.) Unless current law changes, for tax years beginning after December 31, 2020, the adjusted gross income (AGI) floor for medical and dental expenses of what percentage will return?

A. 5%

B. 10%

C. 12%

D. 15%

250.) The Tax Cuts and Jobs Act provides that for tax years beginning after December 31, 2017 until January 1, 2026, state, local, and foreign property taxes, and state and local sales taxes, are fully deductible only when paid or accrued in carrying on a trade or business or an activity relating to expenses for the production of income. Therefore, taxpayers may only fully claim deductions for state, local and foreign property taxes, and sales taxes that are presently deductible in computing income on all of the following schedules except:

A. Schedule A (Form 1040)

B. Schedule C (Form 1040)

C. Schedule E (Form 1040)

D. Schedule F (Form 1040)