{"id":1146,"date":"2012-09-20T21:54:09","date_gmt":"2012-09-20T21:54:09","guid":{"rendered":"http:\/\/ua-cpas.com\/?p=1146"},"modified":"2012-09-20T21:54:09","modified_gmt":"2012-09-20T21:54:09","slug":"medical-expense-deduction-set-to-decrease","status":"publish","type":"post","link":"https:\/\/www.ua-cpas.com\/blog\/index.php\/2012\/09\/20\/medical-expense-deduction-set-to-decrease\/","title":{"rendered":"Medical Expense Deduction set to Decrease for those under 65"},"content":{"rendered":"<p>This year, unreimbursed medical expenses are deductible to the extent they exceed 7.5% of your adjusted gross income (AGI), but in 2013, for individuals under age 65, the \u201cfloor\u201d will be raised to 10% of AGI. If you can accelerate your \u201cdiscretionary\u201d medical expenses you were planning on incurring anyway next year it would be to your advantage to do so. Examples include prescription glasses, and elective procedures not covered by insurance such as orthodontic work. Also, consider using a credit card to prepay medical expenses. As long as it is billed in 2012, a medical expense can be deducted in 2012 regardless of when the credit card company is paid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medical expense deduction was 7.5% of Adjusted Gross Income (AGI). In 2013, medical expenses must exceed 10% of AGI for individuals under age 65.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[110,133],"class_list":{"0":"post-1146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tax-tips-for-individuals","7":"tag-income-tax-planning","8":"tag-medical-expense-deduction","9":"entry"},"_links":{"self":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=1146"}],"version-history":[{"count":0,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}