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You can only deduct the Medical Expenses that you paid out of pocket and were not reimbursed for by the Personal Injury Claim. Since the Income from the Personal Injury is not taxable, under the Tax Benefits Rule you cannot double dip and claim the medical expenses paid by this claim on your Tax Return.
You can only deduct the Medical Expenses that you paid out of pocket and were not reimbursed for by the Personal Injury Claim. Since the Income from the Personal Injury is not taxable, under the Tax Benefits Rule you cannot double dip and claim the medical expenses paid by this claim on your Tax Return.
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