Will my out-pocket expense on medicines are deductibles.

vvic806 — Tue, 04 Jun 2019 23:22:41 GMT

MEDICAL EXPENSES The medical expense deduction has to mee...

xmasbaby0 — Tue, 04 Jun 2019 23:22:43 GMT

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

topic Will my out-pocket expense on medicines are deductibles. in Get your taxes done using TurboTax

Will my out-pocket expense on medicines are deductibles.

MEDICAL EXPENSES The medical expense deduction has to mee...