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Level 7

What is the medical expense deduction?

I heard the amount changed again. 

3 Replies
Level 11

What is the medical expense deduction?

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.

Level 2

What is the medical expense deduction?

Does this include monthly premiums I pay for health insurance?

Employee Tax Expert

What is the medical expense deduction?

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