Call Us: 954-793-0353
Call Us: 954-793-0353

Medical and Dental Deduction

Medical and dental expenses are costs you pay for necessary healthcare, and some of these expenses can be deducted on your tax return if you itemize deductions.


However, you can only deduct the amount that exceeds 7.5% of your adjusted gross income (AGI), which means this deduction is most helpful for people with high medical bills in a single year.


Eligible expenses include payments for doctor visits, surgeries, hospital care, prescriptions, dental work, medical equipment, and health insurance premiums you pay out of pocket.


They can also include transportation costs to medical appointments and certain long-term care expenses.


Over-the-counter medications usually are not deductible, unless prescribed by a doctor; cosmetic procedures don’t count, unless medically necessary, and you can deduct medical bills you paid for someone else only if they’re your dependent and you provided over half of their support.


Health insurance premiums are deductible if you pay them with after-tax dollars and not through an employer plan that already gives you a tax benefit.


Overall, the medical and dental expense deduction can offer meaningful tax relief for people facing large, unreimbursed healthcare costs.

 

For more information click in this link: IRS.gov