Itemized Deductions: Medical Expenses

Taxpayers are allowed to deduct qualified medical expenses on schedule A of a personal tax return. These expenses are subject to a 10% adjusted gross income floor (7.5 percent if you are over age 65). For example, if you have adjusted gross income of $50,000 you would be unable to deduct the first $5,000 in qualified medical expenses.

Qualified medical expenses can include:

● Preventative care
● Treatment
● Surgeries
● Prescription drugs
● Dental-including orthodontics
● Vision
● Mental health
● You are also able to deduct mileage at 23 cents a mile (2015) for medical trips.

What is NOT deductible:
● Expenses reimbursed by insurance
● Cosmetic procedures
● Non-prescription drugs/products
● Health club memberships