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Can i claim medical bills on tax return if so how much is needed

 
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MichaelDC
New Member

Can i claim medical bills on tax return if so how much is needed

Yes. You can't claim the bills themselves but you can claim the amount of the bills that are paid during the year.

To claim the medical expenses deduction, you must itemize your deductions. Itemizing requires that you not take the standard deduction, so you should only claim the medical expenses deduction if your itemized deductions are greater than your standard deduction (TurboTax will do this calculation for you).

The IRS allows you to deduct qualified medical expenses that exceed 7.5% of your adjusted gross income for 2017 and 2018. Your adjusted gross income (AGI) is your taxable income minus any adjustments to income such as deductions, contributions to a traditional IRA and student loan interest.

For example, if you have a modified adjusted gross income of $45,000 and $5,475 of medical expenses, you would multiply $45,000 by 0.075 (7.5 percent) to find that only expenses exceeding $3,375 can be deducted. This leaves you with a medical expense deduction of $2,100 (5,475 - 3,375).

If this amount, plus any other itemized deductions you claim (mortgage interest, property tax, donations, etc.), is less than your standard deduction, you should not itemize.

As this is different for everyone, more would need to be known about your situation.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.




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