Tax Deductions: Medical & Dental Deductions
Medical and Dental Expense Deductions:
The list provided here is intended for a high level overview and understanding.
Everything stated here might have exceptions. During the tax interview on efile.com you will be prompted to enter the necessary information.
Generally medical/dental expenses are what you pay for yourself, your spouse or dependents. Only include expenses you paid for during the tax year.
(Note: Medical/dental expenses that would have been deductible in an earlier tax year, please submit Form 1040X)
Types of Medical/Dental expenses:
- Alleviate or prevent a physical or mental defect or illness (not merely beneficial to overall health, e.g. vitamins, vacations etc.)
- Premiums for insurance that covers expenses for medical care
- Transportation to get medical care (20 cents per mile)
- Qualified long-term care services and limited amounts for qualified long-term care insurance contracts.
Medical/Dental expenses are what you paid for to receive:
- Diagnosis
- Cure
- Mitigation
- Treatment
- Prevention of disease
- Treatments affecting any part or function of the body.
This includes costs for:
- Equipment
- Supplies
- Diagnostic devices
How much of medical/dental expenses can be deducted?
Above 7.5 % of your Adjusted Gross Income (AGI)
For example:
Your AGI is: $ 40,000.
7.5 % is: $ 3,000
Your medical expenses are: $ 2,500
You can not deduct because your expenses are not more than 7.5 % of your adjusted gross income.
Please read Publication 502 for more detail on what you can deduct and what you can not deduct.
Information provided is thought to be reliable but is not guaranteed to be accurate.
