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Get your taxes done using TurboTax
You can deduct any medical expenses not covered by insurance and/or Medicare in 2022.
However, there are certain limitations. Medical expenses are limited to 7.5% of your Adjusted Gross Income (AGI). For example, if your AGI is $50,000 and your medical expenses (not covered by insurance or Medicare) were $10,000. 7.5% of $50,000 is $3,750. Medical expenses (not covered by insurance or Medicare) exceeding the $3,750 would be deductible....or, in this case, $6,250.
Also, deductible Medical Expenses are an Itemized Deduction, along with certain Taxes, Interest and Charitable Donations. If the total of all Itemized Deductions exceeds your Standard Deduction, then it would be beneficial to use the Itemized Deductions instead.
For the 2022 tax year, the standard deduction is $25,900 for joint filers, $19,400 for heads of household, and $12,950 for single filers and those married filing separately.
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