Can I Claim Medical Expenses On My Tax Return?

Any medical costs that exceed 7.5% of your adjusted gross income can be claimed as a deduction on your tax return. You will need to itemize your deductions to take advantage of this deduction. Medical expenses include the cost of medical and dental insurance must be shown on your W-4, and any out-of-pocket expenses used to treat or prevent an illness. This does not, however, include over –the-counter remedies. Any prescription medication, doctors visit, hospital costs or even the costs associated with dental or eye care. You cannot claim any money that has been reimbursed to you by an insurer, nor can you claim any expense that was paid directly by your insurance company. Life insurance and disability premiums are not included in this deduction. Self employed individuals can also claim the premiums they pay if they include the statement from their insurance carrier to show premium payments.

Can I Claim Plastic Surgery Expenses On My Tax Return?

The only allowable claim you can make for plastic surgery expenses on your tax return is for surgeries that were deemed medically necessary. This would include reconstructive surgery due to illness or accident or surgery to repair a birth defect. Liposuction and elective surgeries are not tax deductible. This applies to every member in the family that is claimed on the tax return.

Can I Claim My Dentures Or Eye Glasses On My Tax Return?

If you have enough expenses to justify using the medical deduction, you absolutely need to include your dental work and your eye care. Costs associated with dentures are legitimate expenses. Eyeglasses and eye care is also a covered expense. Colored contacts for appearance only are not covered as medically necessary.

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  4. What Work Expenses Can I Claim On My Tax Return?
  5. What Tax Deductions Can I Take For Medical Expenses?

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