Are drug prescriptions, medical treatment, medical travel and medical insurance payments all lumped together as "medical costs"?

Forum|Forum|3 years ago
January 27, 2023
2 replies
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TurboTax Online

Mike9241

Level 15

yes. since they must all qualify as medical expenses. the total is reduced by 7.5% of your adjusted gross income. then you must be able to itemize to be of benefit. no breakdown of the medical expenses is submitted. so keep the bills and other support. you are only allowed to deduct what you paid during te year including any amounts put on credit cards. if you are to receive insurance proceeds, then be careful because it you deduct an amount that is reimbursed, the reimbursement becomes income in the year received.

Mike9241

MarilynG

Level 15

No, you will make separate entries for insurance premiums, prescriptions, providers, mileage, etc. These go onto a 'Medical Expenses Worksheet' and are then carried over to Schedule A, Itemized Deductions in your return.

To get to this section in TurboTax, type 'Schedule A' in the Search area, then click on 'Jump to schedule a'. Or, look for the Medical Expenses topic under the Deductions & Credits heading.

Click this link for more info on How to Report Medical Expenses.

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