Are the monthly payments for Cardiac Rehab deductible?
If so, where would I enter this expense?
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If your Cardiac Rehab payments are for doctor approved medical treatments, then you will be able to deduct these as medical expenses. (You can enter them as Medical Facility Fees.)
However, all your medical expenses combined would need to be more than 10% of your AGI (7.5% if you are over 65) or you will not be able to deduct any of these medical expenses. TurboTax will guide you on entering all of your medical expenses so include everything you paid out-of-pocket including prescriptions, glasses, dentist bills, etc.
Here is a link for more information:
Please note that if all your itemized deductions are below the standard deduction, TurboTax will choose the larger standard deduction on your tax return.
Additionally, you can enter your medical expense in TurboTax Online or Desktop, please follow these steps:
If your Cardiac Rehab payments are for doctor approved medical treatments, then you will be able to deduct these as medical expenses. (You can enter them as Medical Facility Fees.)
However, all your medical expenses combined would need to be more than 10% of your AGI (7.5% if you are over 65) or you will not be able to deduct any of these medical expenses. TurboTax will guide you on entering all of your medical expenses so include everything you paid out-of-pocket including prescriptions, glasses, dentist bills, etc.
Here is a link for more information:
Please note that if all your itemized deductions are below the standard deduction, TurboTax will choose the larger standard deduction on your tax return.
Additionally, you can enter your medical expense in TurboTax Online or Desktop, please follow these steps:
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