Medical and dental expenses were deductible to the extent they exceeded 10 percent of adjusted gross income; that amount has been reduced to 7.5 percent. (Photo: Shutterstock)

The “Tax Cuts and Jobs Act,” a 1,097-page bill, should provide a boost to the U.S. economy and bring relief to many taxpayers. However, not everyone will benefit. In this post, I will highlight a few of the changes and discuss its potential impact.

Related: IRS extends deadline for mailing form 1095

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