Big changes could be coming to your finances in 2020

Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats have rallied around a number of bills that could deliver real changes to your personal finances.

One measure would help Americans struggling with health-care expenses. Currently, your out-of-pocket health costs must be more than 10% of your income for you to claim the medical expenses tax deduction. The Medical Expense Savings Act would lower that threshold to 7.5%. Republican Sen. Susan Collins of Maine sponsored the…