bond income. If you haven't already done so, you will also need to discuss when.New IRS medical expense rules for people age 65 and over reduce the amount of medical expenses you can deduct for the 2017 tax year. In 2017, you or - you and your spouse - can deduct the amount of unreimbursed allowable medical expenses that is more than 10% of your adjusted gross income. Last year people over the age of 65 were allowed to deduct medical expenses that were over 7.5% of the AGI..We need to work together to reduce the deficit in a balanced way, not on the backs of seniors and middle class families who have worked hard, contributed their fair share and played by the rules all their lives. I ran for Congress to fight for Illinois seniors and I'll continue to do my part to protect and preserve Medicare, so it will be strong for the working families I represent for the next forty-eight years and beyond..TSCL believes Congress will need to make some difficult spending cut decisions, and soon, in order to find the savings needed to address Medicare shortfalls, while ensuring access to doctors and adequate Medicare coverage without reducing benefits. Notch Babies who turn 85 to 94 this year are hit particularly hard because they are at the age when they are more likely to have chronic health conditions that require costly treatment..The new cosponsors are: Sen. Jack Reed, Reps. Mark Takano, James Langevin, Ed Whitfield, Patrick Meehan, William Keating, Duncan Hunter, Anna Eshoo, Sam Farr, Raul Grijalva, John Larson, Billy Long, Michael Honda, David Price, Daniel Lipinski, Jan Schakowsky, Rosa DeLauro, and Ed Royce..This year we celebrated the 50th anniversary of Medicare. Signed into law by President Johnson on July 30, 1965, Medicare has proven itself to be an American success story. At the time of enactment, only half of America's seniors had health insurance, leaving an already vulnerable population one illness away from financial ruin. Medicare ensures that seniors will get the health coverage they worked a lifetime for. It provides seniors and their families with peace of mind and allows all Americans to age with dignity. In my home state of Pennsylvania alone, over 2.3 million seniors rely on Medicare for their health coverage..Inadequate disclosure of costs. Does the lender hide or gloss over the costs? Are the terms appropriate or have the terms of the initial offer changed?.White House Press Secretary Josh Earnest has said President Obama is involved in the discussions and that he is monitoring the movement of the omnibus very closely. Regarding the controversial add-ons, he told reporters, "Our objection comes to ideological riders that are partisan and that in most other cases would not be able to pass the United States Congress.".Statement of Martin H. Gerry, Social Security Administration, Before Subcommittee on Social Security of the House Committee on Ways and Means, March 2, 200Individuals Who Are Not Authorized To Work In The United States Were Paid .2 Billion In Refundable Credits, Treasury Inspector General For Tax Administration, July 7, 2011, 2011-41-06"Social Security Benefits For Noncitizens," Congressional Research Service, July 20, 2006, RL32004.
