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Did you spend a lot of money on your medical care last year? If so, you may be eligible for the medical expense deduction. In total, you must spend more than 10% (7.5% if you are age 65 or older) of your Adjusted Gross Income (AGI) on medical expenses to possibly benefit from the tax break. For some people, that’s a lot of dough, but if you qualify, the tax deduction can be significant. So take a...
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