Suggestions
Limit to only Medical/Health Care Tax Exemptions that exceed 7.5% of AGI
When tagging an expense as tax exempt, and in this case “only when itemized”, it looks like the full amount is being applied as a tax deduction.
My feature request is to correctly account for Medical Tax Deductions which must be in excess of 7.5% of AGI.
I think the most user flexible way would be to have another check box pop up after the user selected “Tax Deductible” that’s titled “Tax Deductible Medical Expense”. When selected PL displays, “Treat this as a tax deductible Medical Expense, and only deduct expenses in excess 7.5% of AGI and when Itemizing.”
Or it could just be it’s own box independent of the current Tax Exempt selection box only allowing one or none to be selected but never both.
Relevant IRS page: https://www.irs.gov/publications/p502
Simplified Turbo Tax page: https://turbotax.intuit.com/tax-tips/health-care/can-i-claim-medical-expenses-on-my-taxes/L1htkVqq9
Note that if the TCJA is allowed to expire the floor goes back to 10%
