Should I itemize if I have about $4,000 in Dr and Prescription copays in 2017?

jes3934 · ‎June 4, 2019

IsabellaG · ‎June 4, 2019

No, if that is the only deductible expense that you had in 2017, it isn't enough to itemize. Your total itemized deductions would have to exceed $6350 if you are single, $12000 if you are married, filing a joint return, and $9350 if you file as Head of Household.

In addition, your medical expense of $4000 would be reduced by 7.5% of your adjusted gross income (AGI) before you could claim anything.

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View solution in original post

IsabellaG · ‎June 4, 2019

No, if that is the only deductible expense that you had in 2017, it isn't enough to itemize. Your total itemized deductions would have to exceed $6350 if you are single, $12000 if you are married, filing a joint return, and $9350 if you file as Head of Household.

In addition, your medical expense of $4000 would be reduced by 7.5% of your adjusted gross income (AGI) before you could claim anything.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Should I itemize if I have about $4,000 in Dr and Prescription copays in 2017?