Yes, you can deduct co pays and prescription drugs if you itemize and the total expenses for you, your spouse, and your dependents exceed 10% of your adjusted gross income (7.5% if you're 65 or older as of December 31, 2016). The deduction is limited to the expenses above and beyond this amount.
See Deducting Medical, Dental, and Vision Expenses
To enter your medical expenses -
- Click on Federal Taxes (Personal using Home and Business)+
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Scroll down to Medical
- On Medical Expenses, click the start or update button
