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Deductions & credits
yes. since they must all qualify as medical expenses. the total is reduced by 7.5% of your adjusted gross income. then you must be able to itemize to be of benefit. no breakdown of the medical expenses is submitted. so keep the bills and other support. you are only allowed to deduct what you paid during te year including any amounts put on credit cards. if you are to receive insurance proceeds, then be careful because it you deduct an amount that is reimbursed, the reimbursement becomes income in the year received.
‎January 27, 2023
9:31 AM