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The Distributional Implications of Itemized Medical Deductions

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NBER2024-11-01 更新2025-01-04 收录
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Approximately $76 billion in out-of-pocket medical spending was deducted as an itemized medical deduction (IMD) in 2021, resulting in about $9 billion in federal forgone tax revenue. We use data from U.S. tax returns to examine how these tax savings are distributed across income and age, how the

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2024-11-01
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