Are medical bills tax deductible?

[erwinsmith]

Hey everyone, quick question – are medical bills actually tax deductible? I’ve heard that you can write off certain medical expenses, but I’m a little confused about what qualifies and how it works. Does it depend on how much you spend, or can you just claim whatever you paid out of pocket? Would love to hear from anyone who’s done this before!

 

[peterkavinsky]

Yes, medical bills are tax deductible if they exceed 7.5% of your adjusted gross income (AGI) and you itemize deductions on your tax return.

 

[maria]

The answer to this is yes, medical bills in most countries including the U.S. are tax-deductible provided the annual medical expense exceeds some percentage of your adjusted gross income (AGI). Applicable costs are usually doctor visits, prescriptions, hospital treatment and some treatment. Non-medical costs such as plastic surgery are not usually eligible.

 

[ankita]

In the event that medical expenses surpass 7.5% of your adjusted gross income (AGI) and you itemize deductions on your tax return, they are eligible for a tax deduction.

 

[denjoshep]

The answer is yes; medical expenditures are tax deductible in most countries, including the United States, if the annual medical expense reaches a certain proportion of your adjusted gross income. Typical costs include medical visits, medicines, hospitalization, and some treatment. Non-medical costs, such as plastic surgery, are usually not covered.