Adjusted Annual Income: Understanding the Medical Expense Deduction

One of the biggest challenges for owners and managers when it comes to calculating rent for HUD-assisted sites is determining the appropriate medical deduction for eligible households. Every household spends some of its income on health-related expenses, but not all households and not all expenses qualify to be deducted. We’ll go over HUD rules regarding the medical expense deduction. We’ll discuss whose medical expenses may be deducted, along with what types of costs are also considered eligible.