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Level 1
February 1, 2023
Question

Medical Deduction Timeline

  • February 1, 2023
  • 1 reply
  • 11 views

Hi,

 

I had surgery in November 2022, but made the payments for it in January 2023. Will I able to deduct those expenses for the 2022 year? Or will I deduct them in 2023 because that's when I actually made the payments? Thank you.

1 reply

Level 15
February 1, 2023

Deduct in the tax year you made the payments. You can only deduct total medical expenses that are greater than 7.5% of your AGI and only if you itemize.