Out-of-Pocket Medical Expenses

[beilime]

Do counseling fees qualify for out-of-pocket medical expenses?

[ee-ea]

f adjusted gross income.Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and for the purpose of affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, prescription drugs and diagnostic devices needed for these purposes. Also included is needed travel costs. They include the costs of insurance and deductibles paid by the taxpayer that pays for medical expenses. To be a part of itemized deductions the out of pocket medical expenses must be more than 7.5% o

[JohnB5677]

Private individuals are only able to deduct the cost of therapy from their taxes if the total cost of therapy and other medical expenses for the year exceeds 7.5% of their adjusted gross income (AGI).

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‍The therapy must also be part of a medical treatment, though the IRS is pretty vague about what that means. Rule of thumb: if the therapy is necessary, and deals with specific issues that negatively impact one’s life, it’s probably deductible.

Please see Publication 502 - Medical Expenses