Medical Expenses

Medical expenses

If you itemize your deductions for a tax year, then you may be able to deduct your personal medical expenses. The expenses, if deducted, are reported on your Schedule A.

Unfortunately, you are only able to deduct the amount of medical expenses that exceeds 10% of your federal adjusted gross income. For example, if you made $100,000 in a year, then you will only be able to deduct your medical expenses that exceeded $10,000. The first $10,000 is not deductible for you.

In order to try and exceed the 10% threshold, you are able to use the medical expenses of a spouse, if you are filing a joint tax return, or for any of your dependents.

Some common examples include ambulance services, dentures, and medical mileage. If you or someone you know is having tax issues, we can be reached at Hoorfarlaw.com or 816-524-4949.

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