Should I deduct out of pocket health costs?

sashamaley · ‎May 31, 2019

DawnC0 · ‎May 31, 2019

Yes, if the total of those costs, along with your other itemized deductions, is more than your standard deduction. Medical expenses are an itemized deduction. You can deduct the amount of the total expenses for you, your spouse, and your dependents that exceed 7.5% of your adjusted gross income. You can elect to take either the standard deduction OR the total of your itemized deductions, but not both.

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DawnC0 · ‎May 31, 2019

Yes, if the total of those costs, along with your other itemized deductions, is more than your standard deduction. Medical expenses are an itemized deduction. You can deduct the amount of the total expenses for you, your spouse, and your dependents that exceed 7.5% of your adjusted gross income. You can elect to take either the standard deduction OR the total of your itemized deductions, but not both.