However, only medical expenses in excess of 7.5% of someone’s adjusted gross income can be deducted on this form. ![]() Medical expenses are claimed on Schedule A, which allows taxpayers to itemize deductions for their federal income tax. “Once you’ve determined you have eligible expenses, then we go to whether you can actually deduct them,” Collado says. The IRS notes, “They don’t include expenses that are merely beneficial to general health, such as vitamins or a vacation.” Medical deductions need to be itemized Generally speaking, over-the-counter medications and supplements also aren’t eligible. “They can’t be voluntary, cosmetic-type surgeries,” says Marianela Collado, CPA and senior wealth advisor for Tobias Financial Advisors in Plantation, Florida. Plus, expenses must be medically necessary. Only unreimbursed expenses are tax-deductible, so any bill covered by insurance, an employer or a health savings account won’t qualify.
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