You'll need to sign in or create an account to connect with an expert.
Yes. But You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI. And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction). And since the Standard Deduction is increased more people will not need to Itemize.
For 2023 the standard deduction amounts are:
Single 13,850 + 1,850 or 65 and over or blind
HOH 20,800 + 1,850 for 65 and over or blind
Joint 27,700+ 1,500 for each 65 and over or blind
Married filing Separate 13,850 + 1,500 for 65 and over or blind
Yes, any amount paid in excess of reimbursements is an itemized deductible medical expense. If you itemize, the amount of your medical expenses in excess of 7.5% of your AGI are deductible on Schedule A. Where do I enter medical expenses?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
pizzagirl34
New Member
jlamruiz
New Member
estarmen
New Member
SKLBI
Returning Member
wilsontax1
New Member