Simplifying Medical Expense Deductions & Enhancing Standard Deduction under HOTMA

Recently, Douglas Rice, special policy adviser at HUD, unveiled the latest updates to the Housing Opportunity Through Modernization Act of 2016 (HOTMA). Among the key changes, the new rule introduces an across-the-board increase in the standard deduction for all individuals. Moreover, it raises the threshold for public housing and Section 8 residents to claim additional medical expenses deductions.

This implementation, known as the Final Rule for Sections 102, 103, and 104 of HOTMA, brings several notable advantages to tenants while significantly easing administrative burdens for public housing agencies (PHAs), multifamily housing owners (MFH owners), and participating jurisdictions.

One of the primary benefits of this new rule is the reduction of paperwork and complexity surrounding medical deductions for eligible households. This streamlined approach ensures a more straightforward and accessible process for those seeking medical expense deductions.

Join this webinar on the latest updates on HOTMA regulations with industry expert Paul Flogstad to understand the positive impact of these regulatory changes on both tenants and housing authorities, fostering a more efficient and equitable system within the housing sector.

Webinar Objectives

In this session, Paul will focus on a comprehensive examination of the proposed changes, particularly those related to seniors and individuals with disabilities. Specifically, Paul will delve into the adjustments that affect their ability to deduct a specified level of medical expenses from their income.

Webinar Highlights

• Income reviews – self certification
• Streamlines verification
• Use of Income determinations from other programs
• Increased standard deduction
• Medical disability expenses
• Higher threshold for imputing income
• Hardship relief
• Asset limits
• Exclusions to income

Who Should Attend

• Individuals involved or interested in housing policies, public housing agencies (PHAs)
• Multifamily housing owners (MFH owners)
• Policymakers
• Advocacy groups working on housing and disability issues
• Senior citizen organizations
• Social Worker
• Anyone concerned about the welfare and rights of seniors and people with disabilities in relation to housing and medical expense deductions.