Quote:
Originally Posted by retiredguy123
It is my understanding that the new tax law maintains the medical expense deduction for 2 years for expenses in excess of 7.5 percent of income and in excess of 10 percent of income after 2 years. I believe that nursing home costs are considered medical expenses. Also, a large part of assisted living costs are also deductible, but not at 100 percent.
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Thanks for your input. IMHO that would appear to greatly influence the Roth conversion decision.
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Columbus OH, The Villages - Amelia
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