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Level 15
Jun 6, 2019 5:56 AM UTC

Yes you can deduct medical expenses paid out of pocket that were not reimbursed by insurance. There is a high threshold to get any tax breaks from medical expenses. You can only deduct the amount of expenses in excess of 10% of your AGI (7.5% if 65 or over). To get a tax break that deductible amount when added to your other itemized deductions must be more than the standard deduction.

4 replies

Level 15
Jun 6, 2019 5:56 AM UTC
What kind of insurance?
Level 2
Jun 6, 2019 5:56 AM UTC
United Health Care thru work.I have a$ 2,800 deductable, it pays 90% after that.
Level 15
Jun 6, 2019 5:56 AM UTC

Yes you can deduct medical expenses paid out of pocket that were not reimbursed by insurance. There is a high threshold to get any tax breaks from medical expenses. You can only deduct the amount of expenses in excess of 10% of your AGI (7.5% if 65 or over). To get a tax break that deductible amount when added to your other itemized deductions must be more than the standard deduction.

Level 2
Jun 6, 2019 5:57 AM UTC
Thanks