Medical Expenses (in excess of 7.5% of AGI)

yeh.erika · ‎February 5, 2020

In the field "Medical Expenses (in excess of 7.5% of AGI)" do I fill the total of my medical expenses or only the amount that exceeds the 7.5% of AGI?

SteamTrain · ‎February 5, 2020

NO, you let the Software determine the 7.5%.

you can either put in:

1) just what you paid out-of-pocket,

2) ...or everything as a total bill, but indicate on a followup page what your insurance paid for, plus what you ended up getting reimbursed for (thus ending up with an out-of-pocket value) .

______________________________

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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DavidD66 · ‎February 5, 2020

Enter the total amount of your medical expenses. The program will calculate the deduction based on your AGI (which could change as you continue to prepare your return).

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SteamTrain · ‎February 5, 2020

NO, you let the Software determine the 7.5%.

you can either put in:

1) just what you paid out-of-pocket,

2) ...or everything as a total bill, but indicate on a followup page what your insurance paid for, plus what you ended up getting reimbursed for (thus ending up with an out-of-pocket value) .

______________________________

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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Medical Expenses (in excess of 7.5% of AGI)