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when can you use medical expenses as a tax dedution?
The IRS allows you to count medical expenses exceeding 7.5% of your adjusted gross income in your itemized tax deductions. By using this cutoff point, [ the IRS prevents taxpayers with large salaries from claiming expenses they can certainly afford as tax deductible items, while benefiting taxpayers who are burdened by unforeseen medical costs. Sidebar Do your taxes online, and the process of claiming any medical tax deductions and all other credits and tax deductions will be made easier and faster for you. You can start for free. Online tax returns are designed to total all your costs,
enter them into the appropriate categories, calculate your adjusted gross income, and figure out your total medical tax deductions. ]
Expert answered|selymi|Points 7432|
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Asked 2/7/2012 2:44:11 PM
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