Medical Expenses You Can Deduct From Your Taxes

0

Medical expenses take up so much of your budget and can be a huge burden at the time before you can use them to reduce your income tax liability. But there are some medical expenses that you can deduct on your taxes and you can do so to the extent they exceed 10 percent of your adjusted gross income. Take a look at the list below to see what you can and cannot deduct from your yearly taxes.

What can you deduct?

-Long-term care

-Long-term care insurance premiums

-Ambulance service

-Body Scan

-Hearing Aids

-Glasses and contacts

-Psychiatric care

-dentures

-Alcohol and drug treatment programs

-Nursing supplies

-Modifications to a home for medical care

-Cosmetic surgery due to an accident or disease

-Admission and transportation to a conference concerning a chronic condition of yourself or someone in your family

-Medical insurance premiums

-Office visits to medical professionals

-Fertility treatments

-Diabetic supplies

What can’t be deducted?

-Cosmetic surgery not for medical reasons

-Illegal treatments or substances

-Nutritional supplements

-Funeral expenses

-Nonprescription drugs

-Activities recommended by your doctor

Share.

About Author

Leave A Reply