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Are medical expenses deductible only if you itemize deductions?
The total medical costs meets the percentage criteria of the IRS, but when added to my other deductions, doesn't qualify to itemize on my tax return. My standard deduction applies. Question: if I take the standard deduction, then I will not get to also count my medical costs, right?
6 Answers
- JssLv 71 decade agoFavorite Answer
Medical deduction is itemized deduction, which is reported on schedule A (Form 1040). You will take deduction only if your itemized deductions are more than your standard deduction..You can deduct the expenses that are more than 7.5% of your adjusted gross income (Form 1040, line 38).
- JudyLv 71 decade ago
Correct, if you take the standard deduction, you don't get to also claim your medical expenses.
- fallieLv 44 years ago
confident, it incredibly is a scientific rate, even though it is going to take an excellent variety of visits for $20 each and each to function as much as sufficient to exceed the %age of earnings that desires to be spent on scientific costs in the previous any could be deducted.
- patrickLv 61 decade ago
Correct,
and if you do itemize, only the amount that is more than 7.5% of your income is deductible.
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- Anonymous1 decade ago
yes that is correct.
