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Deductions & credits
If you paid off a debt for medical expenses for your deceased husband in 2921, you can claim the payment as medical expenses on your 2021 tax return.
For tax year 2021, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only "help" when they exceed your standard deduction.
For 2021, standard deductions are:
For a taxpayer under 65, not claimed as a dependent
- $12,550 for Single
- $25.100 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
- $18,800 for Head of Ho0sehold
- $12,550 for Married Filing Separately
- If you are over 65 or blind, add $1,350 for each instance if married or add $1,700 each instance if single or head of household
You can enter Medical expenses by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
- Scroll down to locate the section Medical and click on Show more
- Click Start next to Medical Expenses.
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‎February 20, 2022
5:02 AM