Draft Schedules A and B - Spidell

Draft Schedules A and B


The IRS has released draft versions of Schedules A and B, and their instructions, for tax year 2019. Only Schedule A has substantive changes:

  • Schedule A has been updated to reflect that medical expenses are deductible only if they are greater than 10% of adjusted gross income (7.5% in 2018); and
  • The draft instructions for Schedule A have been updated to reflect the charitable deduction limitation that applies if a taxpayer received a state or local tax credit in return for a charitable contribution.