Legislative Study Shows Most Seniors Pay No Additional Tax from Change in Senior Medical Deduction
In August, the Legislative Assembly enacted a revenue package that included a provision altering the tax deduction for out-of-pocket medical expenses incurred by some Oregonians over age 62. The Legislative Revenue Office (LRO) recently released an analysis of the change that fails to explain the impact on seniors as a group. The LRO report only discusses the impact of the changes on the minority of seniors who utilize the deduction. By not looking at seniors as a group, the impacts appear greater and can be misleading.
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