Is there a limit on Medical deductions to be able to Itemize?

sawrnr · ‎June 3, 2019

According to my calculations we have over $24,000 in deductions with $18000 in Medical alone and Turbo Tax states that my itemized deductions are only $16,000? Is there a limit on Medical Deductions?

AlanT · ‎June 3, 2019

You must remember, the deduction is limited to the expenses that exceed 7.5% of your adjusted gross income.

For example, if you are 48 years old with an AGI of $50,000 and you incurred $4,750 in medical and dental expenses last year, you could deduct $1,000 (the amount in excess of 7.5% of your AGI, or $3,750), assuming you're itemizing.

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AlanT · ‎June 3, 2019

You must remember, the deduction is limited to the expenses that exceed 7.5% of your adjusted gross income.

For example, if you are 48 years old with an AGI of $50,000 and you incurred $4,750 in medical and dental expenses last year, you could deduct $1,000 (the amount in excess of 7.5% of your AGI, or $3,750), assuming you're itemizing.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Is there a limit on Medical deductions to be able to Itemize?