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Deductions & credits
Yes, only put what you paid, not the insurance. According to Topic No. 502 Medical and Dental Expenses it states you:
You can only include the medical expenses you paid during the year. You must reduce your total deductible medical expenses for the year by any amount compensated for by insurance or any other reimbursement of deductible medical expenses, and by expenses used when figuring other credits or deductions. This is true whether you receive the reimbursement directly or it's paid on your behalf to the doctor, hospital, or other medical provider.
Keep in mind, to deduct medical expenses, it has to be more than 7.5% of your AGI or adjusted gross income. Also, you must itemize all deductions rather than take Standard Deduction for this to count. Don't include what insurance paid for.
@joecastellano Edited [01/18/2023 | 04:13 PM PST]
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