[I Got This]

As you guys may know, a new year usually means some tax changes. The new medical deductions for 2013 (REG book 2014) are now in excess of 10% AGI. There is an exception though for people 65 and older. They are still at 7.5% in excess of AGI.

This information is in the new 2014 REG Becker book, but you have to look for it. They don’t tell you that in the lectures.

Source: https://www.irs.gov/Individuals/2013-changes-to-itemized-deduction-for-medical-expenses

I’ve encountered this exception when doing Becker MCQ’s for AMT itemized deductions

We can do this. It is a difficult journey, but it'll feel wonderful once we are done. Then at that time, we'll reap in all the benefits.