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Can I deduct the amount that is stated on my medical that was satisfied as paid . where my "deductible" has been made, is that what I can use as Paid by me?
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Can I deduct the amount that is stated on my medical that was satisfied as paid . where my "deductible" has been made, is that what I can use as Paid by me?
Not necessarily. It depends on how those expenses were paid. Medical expenses that you paid out-of-pocket that were not reimbursed by insurance or a tax-advantaged medical spending account can be claimed as a deduction. Any amounts that you paid out-of-pocket to satisfy your deductible can be claimed.
In order for the expenses to affect your tax return, you must be using itemized deductions and the total must exceed 7.5% of your Adjusted Gross Income (AGI).
For more information, see the articles below:
https://ttlc.intuit.com/replies/4774889
https://ttlc.intuit.com/replies/4774888
- Mark as New
- Bookmark
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Can I deduct the amount that is stated on my medical that was satisfied as paid . where my "deductible" has been made, is that what I can use as Paid by me?
Not necessarily. It depends on how those expenses were paid. Medical expenses that you paid out-of-pocket that were not reimbursed by insurance or a tax-advantaged medical spending account can be claimed as a deduction. Any amounts that you paid out-of-pocket to satisfy your deductible can be claimed.
In order for the expenses to affect your tax return, you must be using itemized deductions and the total must exceed 7.5% of your Adjusted Gross Income (AGI).
For more information, see the articles below:
https://ttlc.intuit.com/replies/4774889
https://ttlc.intuit.com/replies/4774888
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