When can I deduct medical expenses? And what is considered a deductible medical expense?
When you can deduct medical expenses depends upon when you had the medical service or treatment. On your tax return you can deduct the medical and dental expenses you paid for this year for yourself, your spouse and your dependent. It doesn’t matter when you received the services, it only matters that you paid for the medical services this year.
Deductible medical expenses may include, but are not limited to the following:
Medical supplies and equipment
Routine dental exams
Glasses and contacts
To claim medical expenses on your tax return you must itemize your tax return. If you itemize, you will not be allowed to take the standard deduction. You will need to calculate both methods to determine which gives you a lower tax.
If your itemized deductions are greater than your standard deduction, then you should complete Form 1040, Schedule A. If the itemized deductions are less than your standard deduction, then your should take the standard deduction. For more information about itemizing medical expenses, visit: Topic 502: Medical and Dental Expenses.
Trying to determine the cost of tax preparation or H&R Block’s prices? Find out why there is no one-size-fits-all answer when it comes to tax prep.
Do you know what your tax filing status is? Learn how to determine and check your tax filing status with H&R Block.
Spending your time volunteering is a great way to give back. Learn more about the tax benefits for volunteer work when filing your taxes at H&R Block.
Virtual tax preparations let you complete your taxes online from the comfort of your home. Find out how easy remote tax preparations can be at H&R Block.