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Where do i include my prescription cost
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Please keep in mind
the following about deducting your prescription costs (and other medical expenses):
- You don't get the benefit if you are taking the standard deduction.
- If you itemize deductions, you will only be able to take total medical expenses that are greater than:
- 10% of your adjusted gross income if you are under age 65; or
- 7.5% of your adjusted gross income if you are age 65 or over (born before January 2, 1951).
To enter medical expenses in TurboTax, please follow these steps:
- Click on Federal Taxes > Deductions & Credits [In TT Self-Employed: Personal > Deductions & Credits > I'll choose what I work on].
- In the Medical section, click on the Start/Revisit box next to Medical Expenses. (See Screenshot #1 below.)
- Continue through the interview, entering the requested information on your medical expenses.
- You will come to the screen Tell us about any prescription medication expenses. This is where you can enter your prescription costs. (Screenshot #2)
