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The tax code has suspended legal expenses as a Miscellaneous itemized deduction on Schedule A for tax years 2018 through 2025.
Cobra health care premiums paid with out of pocket funds are entered on Schedule A as an itemized medical expense.
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 2018
To enter your medical expenses -
Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a
The tax code has suspended legal expenses as a Miscellaneous itemized deduction on Schedule A for tax years 2018 through 2025.
Cobra health care premiums paid with out of pocket funds are entered on Schedule A as an itemized medical expense.
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 2018
To enter your medical expenses -
Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a
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