It depends. If it was simply given due to travel and not recommended by your doctor, then no, you cannot deduct the cost of vaccines. In order for a drug to be deductible it has to be prescribed by a doctor.
It depends. Supplements are specifically excluded from being deductible unless they are recommended by a medical practitioner for a specific condition that you have a current diagnosis of. Basically, if your doctor says to take B12 for anemia, then they are deductible. If you heard on the news that B12 is good for stress, then they are not deductible Same with Calcium and Vitamin D, if your doctor is recommending them for a specific condition you have, then they are deductible. Otherwise no.
Pub 502 Medical and Dental Expenses
No. ALL medical expenses are combined including health insurance (Do NOT include premiums paid with the Premium Tax Credit, only out of pocket premiums paid), medical treatment, travel for medical treatment, etc. to arrive at the total medical expenses cost. The combined total is then deductible for the amount that is greater than 7.5% of your AGI. So, if your health insurance, deductibles that you paid and travel expenses came to $10,000 and your AGI is $50,000, then you would be able to deduct $6,250 (($50,000 x .075=$3,750) (10,000-3,750=6,250)) of the medical expenses as an itemized deduction.
Itemized expenses include mortgage interest, gambling losses up to winnings, charitable contributions, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss. Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.
The 2024 Standard Deductions are as follows:
- Married Filing Joint (MFJ) $29,200
- Married Filing Separate (MFS) $14,600
- Head of Household (HOH) $21,900
- Single $14,600
Blind or over 65 and MFJ or MFS add $1,550
Single or HOH if blind or over 65 add $1,950
Standard versus Itemized Deduction
@rhondajoy125 (Edited 2/4/25 @ 5:48AM PST)
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