Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
funparties
New Member

Do I have to list out all my medical expenses? I paid our full cap in 2017, can I just claim that as expense?

 
1 Best answer

Accepted Solutions
JulieH1
New Member

Do I have to list out all my medical expenses? I paid our full cap in 2017, can I just claim that as expense?

You can deduct qualified medical expenses that exceed 7.5% of your adjusted gross income.  

When you enter medical expenses in TurboTax, it asks you a whole lot of questions to help you include everything that can be entered.  Really what matters, in the end, is the total of all of it; that is what will go on your tax form, so don't get too frazzled trying to make sure everything is in the "right" category as long as you enter it all, and do not enter anything twice. 

The medical expense deduction has to meet a rather large threshold before it can affect your return.You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

View solution in original post

1 Reply
JulieH1
New Member

Do I have to list out all my medical expenses? I paid our full cap in 2017, can I just claim that as expense?

You can deduct qualified medical expenses that exceed 7.5% of your adjusted gross income.  

When you enter medical expenses in TurboTax, it asks you a whole lot of questions to help you include everything that can be entered.  Really what matters, in the end, is the total of all of it; that is what will go on your tax form, so don't get too frazzled trying to make sure everything is in the "right" category as long as you enter it all, and do not enter anything twice. 

The medical expense deduction has to meet a rather large threshold before it can affect your return.You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~