Mike9241
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Deductions & credits

Only what they take actually take out of your paycheck for the year to cover the bills which is unlikely to be the full $9K+.  The wage assignment may go on for several years until the bills are paid in full. You deduct the amount taken out each year as a medical expense for that year. To get any tax benefit, you would need to itemize and your itemized deductions would have to exceed your standard deduction. 

View solution in original post