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.
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enter them into the appropriate categories, calculate your adjusted gross income, and figure out your total medical tax deductions.
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selymi|Points 7432|
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Asked 2/7/2012 2:44:11 PM
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