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Medical/Dental expenses paid in 2022 can be entered on a 2022 tax return.
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 2022
To enter your medical expenses -
Or enter medical expenses in the Search box located in the upper right of the program screen. Click on Jump to medical expenses
Medical and/or dental/vision expenses can be entered for the tax year in which you PAID the bills. Those expenses do not affect your refund or tax due unless you have enough to meet a threshold to enter them and then enough other itemized deductions to exceed your standard deduction. If you paid the dental bills in 2021 you enter them on a 2021 tax return. If you paid them in 2022 you can enter them for 2022.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2022—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
2022 STANDARD DEDUCTION AMOUNTS
SINGLE $12,950 (65 or older + $1750)
MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)
MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)
HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)
Legally Blind + $1750
You can not claim it in 2022 if you paid it in 2021. When or how did you pay it?
Medical is deductible the year when you pay it. If paid by check, it would be when you gave the provider a check. You can only deduct the payments you made but not any interest.
If by credit card, it would be when the charge was made. Putting it on your credit card is the same as paying it. You can deduct the full amount. But you can't deduct any interest or penalties you paid on it.
If you put it on a credit card or took out a loan you can deduct the full amount even though you pay it over time. If you are on a payment plan with the hospital or doctor, etc. then it's only the amount you pay. Either way you only can deduct the principal amount, not any interest.
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