Get ready for advisor Feist's 2-minute tip, starting in three, two, one. No, no, the 2019 tax season could get off to a rocky start. Huggers tax reform could lead to a shock in April 2019. And the biggest shocker from Accounting Today, QuickBooks introduces backing you, starring Danny DeVito. I think this picture that Accounting Today picked up of Danny DeVito absolutely represents the situation. Don't worry, Danny DeVito, I got your back. I know exactly how you feel if you've not seen the videos on YouTube of Danny DeVito starring in these QuickBooks series. Oh, send an invoice with QuickBooks, you know it's okay. There's nothing to be scared of, whether you're Danny DeVito being terrified and petrified of QuickBooks, huh? Or you're a normal taxpayer like the rest of us. What I'm gonna try to do in this video is talk about the 2019 changes that are happening under the Tax Cut and Jobs Act, or the Trump tax reform, in regards to itemized deductions of medical and dental expenses. So there are some changes in 2019 that are happening to medical and dental expenses. So what I want to try to do is break that down in this video. But we only have two minutes, so let's dive right in, okay? So here's the basics. Now, while the Trump tax reform or the Trump tax law, the Tax Cut Jobs Act, preserved the deductions for medical and dental expenses, the threshold for deducting those medical and dental expenses went up to 10 percent from 7.5 percent in 2019. So what's the update when it comes to the tax reform? What's really simple, the 10 percent threshold applies to all taxpayers now. I'm not really certain, and I'll make sure to put this in the description below....
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Health coverage tax credit Form: What You Should Know
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Video instructions and help with filling out and completing Health coverage tax credit
