Regarding question, "You say the surgery will cost $40K-----is any of that being covered by insurance?". The short answer is no. My surgeon has opted out of Medicare so I have to self-pay for the surgeon's fee which will be approximately $40K (out of pocket). I am married filing jointly and my wife and I are >65 so standard deduction is $30,700.
So it sounds like if I PAID in 2023 the deduction would need to be for 2023, right? Even if surgery is PERFORMED in 2024, right?
