medical deductions

[buck12wf]

i just paid for the hospital for what medicare doesnt cover and i completed my federal return, can i still add that in

[DoninGA]

Health care insurance premiums and other medical expenses that you paid with out of pocket funds are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2020

• Single - $12,400 add $1,650 if age 65 or older
• Married Filing Separately - $12,400 add $1,300 if age 65 or older
• Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
• Head of Household - $18,650 add $1,650 if age 65 or older

To enter your medical expenses -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Deductions and Credits
• Click on I'll choose what I work on (if shown)
• Scroll down to Medical
• On Medical Expenses, click the start or update button

Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a

[Critter-3 · Accepted solution]

Of course ... the 2020 return can be changed every minute until you file it and that will not happen until at least mid January.  

[VolvoGirl]

How did you already complete your return already?  It is too early to finish 2020 return.  You won't get your W2, SSA-1099 or any 1099 until the end of January.  The IRS won't start taking returns until Jan 27.  And the Turbo Tax program isn't fully updated yet.  There are several forms to be finalized.  

[buck12wf]

its easy, i have the exact amount of income from 1099r every year and i keep all my records for everything ss tells you with that form they mail you each dec what you will be getting just multiply 12

[xmasbaby0]

@buck12wf When you receive your 1099R, go back to the income screen and make sure that the information on the 1099R is exactly the same as the estimated amount you entered--and edit if necessary.