What qualifies as medical write-offs?

Answer by  cgroverla (516)

Expenses paid with after-tax money for you, your spouse, or your dependents that were for the treatment, diagnosis, or prevention of a medical condition are allowable medical deductions. A list appears in the Instructions to Form 1040. However, nonprescription drugs, and treatments for purely cosmetic purposes do not qualify.

Answer by  shugaree (28)

Medical write-offs include the cost of visits for treatment of medical, dental, hearing and vision conditions, and prescription drugs. Also, deductible are the mileage costs to and from appointments and the cost of health insurance premiums. These expenses are deductible for yourself, your spouse (if married) and dependents.

Answer by  anoldmetfan (20)

Expenses, corresponding to the diagnosis or treatment of a medical concern for a dependent that one claims on their tax return, qualify. An expense may be for a physical or mental ailment. Expenses may include related traveling costs. Only the aggregate amount exceeding 7. 5% of adjusted gross income is deductible on tax returns that include a Schedule A.

Answer by  sbohanon (36)

Medical deductions include unreimbursed costs incurred for the diagnosis, cure, treatment, or prevention of disease. They also include costs for problems affecting any structure or functioning of the body. In order to deduct medical expenses, taxpayers must itemized deductions and can only deduct expenses that exceed 7. 5% of the taxpayers adjusted gross income.

Answer by  NYC1 (28)

If you are referring to Schedule A deductions on your tax form, then non-reimburses medical deductions include co-pays, deductibles, prescription medication, eyeglasses, medical equipment, transportation to the doctor (excluding taxi tips), some over the counter medications.

Answer by  angiem1981 (1059)

Generally speaking, travel expenses to see a specialist and/or other costs associated with these types of visits. Much home medical equipment, co-pays, and sometimes deductibles. However, there are many clauses as to what you can and can not deduct. Keep receipts for travel expenses, medications, etc. If in doubt, consult with your tax advisor.