Medical Expenses
Amounts paid for qualified medical expenses that exceed 7.5% of AGI may be deducted. To qualify for a deduction, an expense must be paid during the taxable year of the taxpayer, the taxpayer’s spouse, or a dependent and must not be compensated for by insurance or otherwise during the taxable year. The following is a list of qualified medical expenses:
Fees for doctors, hospitals, and clinics
Prescription medication
Dental expenses
Expenses for medical aids (e.g. glasses, crutches, hearing aids, etc.)
Miles traveled for medical purposes ( X 20 cents per mile)
Other travel expenses (e.g. parking fees, local transportation, etc.)
Medical equipment and supplies
Expenses to stop smoking
Unreimbursed health insurance premiums
Long term care contract premiums
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