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Deductions & credits
What is your AGI? What are your medical expenses?
As previously stated only the amount of medical expenses that is greater than 7.5% of your AGI can be entered as an itemized deduction.
For example if your AGI is $50,000 and your medical expenses are $25,000 then the amount of medical expenses you can deduct is $25,000 - $3,750 ($50,000 * .075) = $21,250
Using the TurboTax online editions -
To change your deduction type you need to click on Federal then Deductions & Credits. Scroll to the bottom of the Deductions & Credits screen and click on Continue. After two or three additional screens you will come to the screen that shows your Standard and Itemized Deductions. Click on Change my deduction
‎August 31, 2023
9:03 AM