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New Member
posted Apr 11, 2024 6:17:01 PM

How much medical expense do I need to qualify for deduction?

what percentage of my net income qualifies me for medical deduction?

0 3 4670
3 Replies
Level 15
Apr 11, 2024 6:20:55 PM

Only your medical expenses that are greater than 7.5% of your AGI can be entered on Schedule A as an itemized deduction.

Employee Tax Expert
Apr 11, 2024 6:23:42 PM

You must have unreimbursed medical expense in excess of 7.5% of your adjusted gross income and you must itemize on Schedule A to deduct. Additionally, the sum of all of your itemized deductions must exceed your standard deduction for your filing status to receive a benefit of itemizing.

You can enter your medical expenses along with your other itemized deductions and TurboTax will let you know if you have enough to itemize.

Level 15
Apr 11, 2024 6:49:28 PM

once your medical expenses exceed 7.5% of your AGI, you still need enough in itemized deductions so they exceed your standard deduction.