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The current medical expense deduction is limited to authorized expenses that exceed 10% of a taxpayer's adjusted gross income; very few taxpayers have enough expenses
The current medical expense deduction is limited to authorized expenses that exceed 10% of a taxpayer's adjusted gross income; very few taxpayers have enough expenses to qualify for the deduction. The President is concerned that the IRS is limiting allowable items, like over-the-counter medication, vitamins, and food supplements. The President would like you to prepare your thoughts on the advantages and disadvantages of expanding the medical expense deduction. Fully explain your
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