Question

Is there a gross cap on medical deductions for a tax year? And if so, how do I determine the gross cap on medical deductions for my income bracket?

Answer

 

Never is there a gross cap on medical deductions in a given tax year. You are allowed to deduct all qualified medical expenses if they are more than the annual adjusted gross income (AGI) limit.

The IRS does not have a gross cap on medical deductions because you must itemize all medical expenses and deductible expenses on Form 1040, Schedule A. On the Schedule A you will report all of the medical expenses you paid throughout the year.

In order to claim these medical expenses you will need to provide proper proof or documentation to confirm you expenses. Some acceptable forms of documentation include:

  • Name and address of each person or entity you paid
  • Amount and date of each payment

You should also keep a statement or itemized invoice showing:

  • What medical care was received
  • Who received the care
  • The nature and purpose of any medical expenses
  • The amount of the other medical expenses

You will need to keep the above documents for each medical expense you incur. You do not send these records with your return, but you should keep them with your tax records.

 

Related Topics

Related Resources

Is there a vehicle sales tax deduction? Can I deduct sales tax on a vehicle purchase?

Can you deduct the sales tax on a vehicle you bought? Learn more from the tax experts at H&R Block.

I am in the process of upgrading my home with home improvement projects. Can I deduct the cost of a new roof?

Learn more about deducting the cost of a new roof with advice from the tax experts at H&R Block.

I would like to claim a charitable donations tax deduction on my return but I do not have a charitable donation receipt.

Can you claim a tax deduction for a charitable donation if you don't have a receipt? Learn more from the tax experts at H&R Block.

I would like to learn about the HUD-1 tax deductions for buyer of real estate. If I bought my first home this year, ware

Learn more about which items on the HUD-1 form you can claim as tax deductions with advice from the tax experts at H&R Block.