Medical bills can put a dent in your budget, but the silver lining is that you may be able to get a tax deduction in exchange for your expenses. "The deduction is actually a lot broader than many ...

Medical bills can be stressful, but they might offer a silver lining come tax time. Medical expenses are tax deductible — but ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income. But many taxpayers miss out on this valuable tax break because they don't ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. J.R. Whalen: Here's your money briefing for Friday, March 17th. I'm J.R. Whalen ...

The tax bill unveiled by Republicans in the House on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old ...

House Republicans’ proposed version of a tax reform bill would eliminate the ACA’s medical deduction, affecting 8.8 million Americans, according to The Washington Post. Here are six things to know. 1.

WASHINGTON (AP) — Several million people unlucky enough to face big medical bills not covered by their insurance would lose a valuable and versatile deduction under the House GOP tax bill. Groups ...

Anne Hammer is one of millions of elderly Americans who could face a substantial tax hike in 2018 depending on the final negotiations over the Republican tax bill. In her retirement community in ...