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Deductions & credits
Yes, you are able to claim this policy as a medical expense.
Please note that, in order to claim a deduction for medical expenses, you need to itemize deductions on your return. Additionally, the medical expense deduction is limited to expenses that exceed 10% of your adjusted gross income (AGI). The threshold is reduced to 7.5% of AGI if you were born before January 2, 1952.
May 31, 2019
10:43 PM