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IRS Expands Tax-Deductible Medical Expenses and HDHP Preventative Care Benefits
January 8, 2025
In a recent update, the IRS has made significant changes to its guidelines surrounding tax-deductible medical expenses and high deductible health plan (HDHP) preventative care benefits. These updates, which were announced on Thursday through two notices (Notice 2024-71 and Notice 2024-75), aim to broaden the scope of what qualifies as medical care and preventive care under specific tax and health plan regulations.