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Prescription costs are entered as part of Medical Expenses under Federal taxes, Deductions and Credits, Medical. As you go though the medical expense questions for various kinds of expenses, you'l come to a screen for prescriptions. Medical costs are only deductible for the amount that exceeds 7.5% of your Adjusted gross Income and only if your TOTAL itemized deductions exceed your standard deduction.
Prescription costs are entered as part of Medical Expenses under Federal taxes, Deductions and Credits, Medical. As you go though the medical expense questions for various kinds of expenses, you'l come to a screen for prescriptions. Medical costs are only deductible for the amount that exceeds 7.5% of your Adjusted gross Income and only if your TOTAL itemized deductions exceed your standard deduction.
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