If you itemize deductions instead of using standard deduction then you can enter your out of pocket medical expenses including health insurance premiums paid out of pocket. It is, of course, very difficult to meet the threshold to actually get a medical expense deduction.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2024—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
2024 STANDARD DEDUCTION AMOUNTS
SINGLE $14,600 (65 or older/legally blind + $1950)
MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)
MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)
HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,000 (65 or older/legally blind + $2000
MARRIED FILING SEPARATELY $15,000 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY 30,000 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $22,500 (65 or older/legally blind + $2000
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
