Can You Deduct Medical Expenses on Your Tax Return? Here’s What You Need to Know

You may be able to claim a tax deduction for unreimbursed medical and dental expenses that exceed 7.5% of your adjusted gross income. Eligible expenses can include payments for medical and dental care, prescription medications, insulin, medical equipment and supplies, certain health insurance premiums, and transportation necessary to receive medical care. Expenses paid for yourself, your spouse or your dependents may qualify. Keep in mind that the medical expense deduction is an itemized deduction. So to take advantage of it, you must itemize deductions on Schedule A of Form 1040 rather than claim the standard deduction. Contact us to learn more or visit: https://bit.ly/3zDg8C0