Question
I am itemizing my tax return. Do I need to be concerned about medical deduction limits?
Answer
When itemizing a tax return, medical deduction limits is generally not an issue for most people. You can deduct the medical expenses that are more than a percentage of your adjusted gross income (AGI). Depending on your age and the tax year, this percentage is either:
- 7.5% of your AGI
- 10% of your AGI
You report medical expenses on Schedule A, and you must itemize to deduct them.
You can deduct medical expenses for disease:
- Diagnosis
- Cure
- Easing
- Treating
- Prevention
If one of those applies, you can also include the associated costs for:
- Equipment
- Supplies
- Diagnostic services
The expenses must be primarily to improve or prevent a physical or mental deficiency or illness.
Related Resources
How Does Changing Jobs Affect Your Tax Return?
Changing jobs can come with tax implications like job search and moving expense deductions. Learn more about these potential benefits at H&R Block.
