Re: What is the medical expense deduction?

Fltax2018 · Mar 14, 2018 5:05:08 PM

<P><SPAN>I heard the amount changed again. </SPAN></P>

What is the medical expense deduction?

I heard the amount changed again.

posted

For the 2017 and 2018 tax years, all taxpayers can write off health care expenses that exceed 7.5% of their income. In 2019, the threshold goes back to 10% of income.

Yes, if you paid for health insurance premiums out of pocket, then these would be deductible if you itemize. For a full list of deductible medical expenses, see IRS link below.

Medical and Dental Expenses Pub 502

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"