2 Answers
Drug costs, medical insurance, doctor appointments, mileage to and from those appointments, x-rays, hospitalizations, surgeries, etc. etc. are tax deductible AFTER subtracting the first 7.5% of your AGI from the total of those expenses.
For example, if your AGI were $30,000, $2,250 would be 7 1/2% of that. Anything in excess of $2,250 would be tax deductible.
This is applicable if you use Schedule A instead of standard deduction. Standard deduction for a Single person is $5,800; $11,600 for Married Filing Jointly. To use Schedule A, your deductions should be in excess of the standard deduction amount.
For more information, check out www.irs.gov and get the low-down on Schedule A guidelines.
12 years ago. Rating: 2 | |
Top contributors in Other - Taxes category
Unanswered Questions
sunwinwales1
Answers: 0
Views: 19
Rating: 0
vn88llc
Answers: 0
Views: 17
Rating: 0
vn88llc
Answers: 0
Views: 16
Rating: 0
vn88llc
Answers: 0
Views: 19
Rating: 0
vn88llc
Answers: 0
Views: 17
Rating: 0
vn88llc
Answers: 0
Views: 16
Rating: 0
vn88llc
Answers: 0
Views: 17
Rating: 0
vn88llc
> More questions...
Answers: 0
Views: 16
Rating: 0