- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If your Cardiac Rehab payments are for doctor approved medical treatments, then you will be able to deduct these as medical expenses. (You can enter them as Medical Facility Fees.)
However, all your medical expenses combined would need to be more than 10% of your AGI (7.5% if you are over 65) or you will not be able to deduct any of these medical expenses. TurboTax will guide you on entering all of your medical expenses so include everything you paid out-of-pocket including prescriptions, glasses, dentist bills, etc.
Here is a link for more information:
Please note that if all your itemized deductions are below the standard deduction, TurboTax will choose the larger standard deduction on your tax return.
- To enter this transaction in TurboTax, log into your tax return and type "medical expenses, sch a" in the search bar then select "medical expenses, sch a". TurboTax will guide you in entering this information
Additionally, you can enter your medical expense in TurboTax Online or Desktop, please follow these steps:
- Once you are in your tax return, click on the “Federal Taxes” tab
- Next click on “Deductions & Credits”
- Next click on "jump to full list" or “I’ll choose what I work on”
- Scroll down the screen until to come to the section “Medical”
- Choose "show more", then Medical Expenses and follow the onscreen instructions