Medical Expenses on tax return

Forum|Forum|7 years ago
August 11, 2019
3 replies
28 views

On my 2018 tax return, can I include monthly insurance payments to Physician's Mutual as a medical expense?

Critter

Level 15

What kinds of medical expenses are deductible?

You probably already know that you can deduct things like medical and dental fees, co-pays, eyeglasses, prescriptions, lab fees, surgery, and hospital facility fees.

But did you know you can also deduct dentures, contact lens cleaning solution, hearing aid batteries, crutches, mileage to and from the doctor, and expenses for a service dog? See this IRS page on medical expenses to learn which expenses you're allowed to deduct.

Some health-related expenses cannot be claimed per IRS rules like nonprescription supplements, vitamins, over-the-counter medications, toothpaste, health club memberships, and medical marijuana (even if it's legal in your state). See this IRS list of common, but nondeductible medical expenses.

Be sure to document each medical expense you claim with receipts, credit card statements, mileage records, (etc.) and keep them with your tax records.

Related Information:

egsouaya

Level 2

Where do I enter my MEDICAL INSURANCE PREMIUMS in my TurboTax Home and Business?

DoninGA

Level 15

@egsouaya wrote:

Where do I enter my MEDICAL INSURANCE PREMIUMS in my TurboTax Home and Business?

Health care insurance premiums and other medical expenses that you paid with out of pocket funds are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2019