Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
nicolebried
New Member

Why can I not add medical expense, it states that it will not help if less then, I think it was 10,500, and I spend over 12,000. I put it in but it states I can't use it

 
1 Best answer

Accepted Solutions
jerry2000
Alumni

Why can I not add medical expense, it states that it will not help if less then, I think it was 10,500, and I spend over 12,000. I put it in but it states I can't use it

. Only the amount of medical expense itemized deductions that are more than 10% of your adjusted gross income (under 65) or 7.5% (65 or over) are deducted.

Also, itemized deductions provide no tax benefit until all of them added together are more than the standard deduction for your filing status.
2016 Standard Deduction
Taxpayer under 65, not claimed as a dependent
$6,300 for Single
$12,600 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
$9,300 for Head of Household
$6,300 for Married Filing Separately
For over 65 or blind, add $1,250 for each instance or add
$1,550 each instance if single and not a surviving spouse.

View solution in original post

1 Reply
jerry2000
Alumni

Why can I not add medical expense, it states that it will not help if less then, I think it was 10,500, and I spend over 12,000. I put it in but it states I can't use it

. Only the amount of medical expense itemized deductions that are more than 10% of your adjusted gross income (under 65) or 7.5% (65 or over) are deducted.

Also, itemized deductions provide no tax benefit until all of them added together are more than the standard deduction for your filing status.
2016 Standard Deduction
Taxpayer under 65, not claimed as a dependent
$6,300 for Single
$12,600 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
$9,300 for Head of Household
$6,300 for Married Filing Separately
For over 65 or blind, add $1,250 for each instance or add
$1,550 each instance if single and not a surviving spouse.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v