TAX TIP OF THE MONTH
Deductible Medical Expenses




 

Medical expenses are deductible to the extent they exceed 7.5% of a taxpayer’s Adjusted Gross Income.Some eligible expenses for this purpose include:


 
 

-Abortion (where legal)

-Acupuncture

-Adoption (medical costs of adopted chilled)

-Birth control pills

-Chiropractic care

-Contact lenses

-Cosmetic surgery (only if necessary)

-Dental fees and dentures

-Doctors’ fees

-Drug addiction recovery costs

-Drugs (only prescription medicine)

-Glasses

-Hospital care

-Insurance (health and accident)

-Nursing home and nursing services for medical reasons

-Psychiatric care

-Sexual dysfunction treatment costs

-Smoking addiction treatment program costs

-Vasectomy (only legal)

-Weight loss program (only for treatment of specific diseases)

-X-rays


 
 

This is a partial list; contact us for more detailed information.


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