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Deductions & credits
UPDATED FOR TAX YEAR 2019
Yes. Wigs are deductible if they are purchased for chemotherapy-induced hair loss. Medical, dental, and vision expenses are reported on Schedule A and entered in the Deductions & Credits section.
Please keep in mind the following about deducting your medical expenses, including health insurance:
- You don't get the benefit if you are taking the standard deduction.
- If you itemize deductions, you will only be able to take total medical expenses that are greater than 7.5% of your adjusted gross income
To enter your medical expenses, please follow these steps:
- Click on Taxes > Deductions & Credits
- In the Medical section, click on the Start/Revisit box next to Medical Expenses.
- If you haven't yet entered any medical expenses, TurboTax will ask you if your total medical expenses exceed a certain number. [That's the 7.5% AGI mentioned above.]
- If you think your total medical expenses will exceed that number, click the blue Yes box and continue through the interview, entering the requested information on your medical expenses.
[Edited | 3/31/2020 | 12:26pm PDT]
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‎June 6, 2019
3:57 AM