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Are Medical Expenses Tax Deductible?

Below we discuss whether medical expenses are tax deductible. If so, what are rules for the tax deductions for medical expenses or what is the minimum tax deduction on medical expenses. The rules for deducting medical expenses are long and complicated because there are many types of medical expenses and not all medical expenses are IRS tax deductible.

Are medical expenses tax deductible?

Only large medical expenses are tax deductible. Not all medical expenses are tax deductible.

What is the minimum tax deduction on medical expenses?

The only minimum you have to worry about when claiming tax deduction on medical expenses is that the medical expenses have to exceed 7.5% of your adjusted gross income (AGI). So, if your adjusted gross income is $10,000, your medical expenses have to exceed $750 for you to be able to deduct any medical expenses on your income tax return.

How much medical expenses can I deduct?

Only the medical expenses in excess of your 7.5% of adjusted gross income (AGI) can be deducted. So, in the example above, if your medical expense is $700, then you can deduct nothing. If your medical expense is $800, then you can deduct $50. Note that you cannot deduct the full amount of medical expenses, only the excess of 7.5% of your AGI.

What is the percentage of medical expenses for IRS deduction?

The only percentage concerning medical expenses tax deduction is the 7.5% of AGI that is used to qualify if a taxpayer can claim medical expenses tax deduction. The excess of 7.5% of AGI is the full tax deductible amount.

Who can I deduct medical expenses for?

Medical expenses that can be deducted are medical expenses for:

  • the taxpayer
  • spouse if married filing jointly
  • dependent that have not been reimbursed

Here is the list of tax deductible medical expenses as well as the medical expenses that are not tax deductible.

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