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$147. for insurance through social services on months that I have appointments. Only about $1.30 for fpr perscriptions. Can I claim this?

 
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2 Replies
MaryK4
Employee Tax Expert

$147. for insurance through social services on months that I have appointments. Only about $1.30 for fpr perscriptions. Can I claim this?

You can claim medical expenses as a deduction if you itemize.  However, the deductible amount must be reduced by 7.5 of your adjusted gross income.  Depending on your income and if you have other itemized deductions, you may not be able to use the medical expenses.

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$147. for insurance through social services on months that I have appointments. Only about $1.30 for fpr perscriptions. Can I claim this?

You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI.  And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction).  And since the Standard Deduction is increased more people will not need to Itemize.

 

For 2020 the standard deduction amounts are:

Single 12,400 + 1,650 for 65 and over or blind (14,050)

HOH 18,650 + 1,650 for 65 and over or blind

Joint 24,800 + 1,300 for each 65 and over or blind

Married filing Separate 12,400 + 1,300 for 65 and over or blind

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