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What percentage am I allowed to claim for medical expenses and is it beneficial to claim on a lower net income?
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October 30, 2019
5:43 PM
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Investors and rental owners
You can claim any Medical Expenses that exceed 3% of your net income. It is usually more beneficial to claim on the lower net income spouse as this 3% threshold is lower, but the claim will not reduce your tax payable if the net income is below $11,635.
October 30, 2019
5:43 PM