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batterycharger
New Member

Can i deduct payments made towards healthcare deductables

 
1 Best answer

Accepted Solutions
KatrinaB
Intuit Alumni

Can i deduct payments made towards healthcare deductables

These out of pocket medical expenses can be deducted on Schedule A, if you itemize deductions. You will need Turbo Tax deluxe to itemize deductions and your total itemized deductions must be higher than your standard deduction, to benefit by itemizing. Please view the Turbo Tax FAQ below for more information about itemizing deductions.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/Tax-Deduction-Wisdom---Sho...

Please also view the IRS link below to vies a full list of medical expense you can deduct.

https://www.irs.gov/pub/irs-pdf/p502.pdf

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1 Reply
KatrinaB
Intuit Alumni

Can i deduct payments made towards healthcare deductables

These out of pocket medical expenses can be deducted on Schedule A, if you itemize deductions. You will need Turbo Tax deluxe to itemize deductions and your total itemized deductions must be higher than your standard deduction, to benefit by itemizing. Please view the Turbo Tax FAQ below for more information about itemizing deductions.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/Tax-Deduction-Wisdom---Sho...

Please also view the IRS link below to vies a full list of medical expense you can deduct.

https://www.irs.gov/pub/irs-pdf/p502.pdf

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