Yes, you can use this on medical portion of itemized deductions if you have overall deductions greater than the standard deductions. Keep in mind that medical expenses must be greater than 7.5% of your adjusted gross income (AGI) or none of them will be used.
Other common deductions are mortgage interest, real estate or property taxes, local and state income taxes, donations.
For single taxpayers and married individuals filing separately, the Standard Deduction is$13,850 in 2023.
Formarried couples filing jointly is$27,700, and
For heads of households, the Standard Deduction is$20,800
If you're at least 65 years old or blind, you can claim an additional deduction in 2023 of:
- $1,850 for single or Head of Household
- $1,500 for married or Qualified Surviving Spouse.
If you're both 65 and blind, the additional deduction amount is doubled.
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