It was messy, but it is finally done and over with! On December 22, 2017 the tax reform bill , or 'a giant tax cut ' as President Trump calls it, has finally been passed by both houses and has been signed into a law. It is not immediately obvious how the tax plan impacts patients with chronic illnesses. Views in the media are often tainted by the political prism through which the commentators tend to look at this issue. Plus there is limited discussion of the specific provisions that can affect patients with chronic illnesses. In this post, I am outlining some of the major provisions of the final bill that may affect chronically ill patients. Bear in mind that I am not a professional in accounting and taxation . However, I seem to have had more than my fair share of tax problems and as a result, I have become overfamiliar with the IRS website and publications. Article continues after the ad To make it easier to wrap our brains around this complex piece...
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