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Medical deductions

I did not keep track of my medical deductions.  Can I give an estimate without documentation?
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Medical deductions

Not a good idea--if you are asked to document them by the IRS what would you provide them with?  You could go back through your banking and/or credit card records to find medical expenses you have paid out of pocket in 2016; if you use the same pharmacy to fill prescriptions you can probably get a print out from the pharmacy.  Your doctor and dentists offices can probably provide you with records of payments you have made.  You just may have to do some homework to come up with accurate records.

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization for someone under 65 is the amount that is OVER 10% of your adjusted gross income; for someone 65 or older it would be the amount over 7.5% of your AGI.  

You should only enter the amount that you paid in 2016—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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3 Replies

Medical deductions

Not a good idea--if you are asked to document them by the IRS what would you provide them with?  You could go back through your banking and/or credit card records to find medical expenses you have paid out of pocket in 2016; if you use the same pharmacy to fill prescriptions you can probably get a print out from the pharmacy.  Your doctor and dentists offices can probably provide you with records of payments you have made.  You just may have to do some homework to come up with accurate records.

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization for someone under 65 is the amount that is OVER 10% of your adjusted gross income; for someone 65 or older it would be the amount over 7.5% of your AGI.  

You should only enter the amount that you paid in 2016—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Medical deductions

No, you can not. You must have proof of any medical expense that you claim.

Medical deductions

and TT Free does not incldue Schedule A for this.
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