You can include a total for the co-pays as medical expenses.
Please keep in mind
the following about deducting your prescription costs (and other medical
expenses):
- You don't get the benefit if you
are taking the standard deduction.
- If you itemize deductions, you
will only be able to take total medical expenses that are greater
than:
- 10% of your adjusted gross income
if you are under age 65; or
- 7.5% of your adjusted gross
income if you are age 65 or over (born before January 2, 1951).
To enter medical expenses in TurboTax, please follow these steps:
- Click on Federal Taxes >
Deductions & Credits [In TT Self-Employed:
Personal > Deductions & Credits > I'll choose what
I work on].
- In the Medical section,
click on the Start/Revisit box next to Medical Expenses.
[See Screenshot #1 below.]
- TurboTax will then ask you if your
total medical expenses exceed a certain number. [That's the 10% AGI
or 7.5% AGI mentioned above.]
- If you think your total medical
expenses will exceed that number, continue through the interview, entering
the requested information on your medical expenses.
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