Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?

gavila1994 — Tue, 24 Mar 2020 07:14:41 GMT

Re: Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?

Anonymous — Tue, 24 Mar 2020 07:21:01 GMT

Yes

Re: Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?

xmasbaby0 — Tue, 24 Mar 2020 12:32:40 GMT

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) 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 2019—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 Does the medical expenses include the deductible paid out of pocket for doctor visits and medication? in Deductions & credits

Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?

Re: Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?

Re: Does the medical expenses include the deductible paid out of pocket for doctor visits and medication?