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Personal Expense

Paid Medical Expenses

Paid Medical Expenses

Do not overlook any medical deductions for which you may qualify. Hearing aids, eyeglasses, contact lenses, hospital fees for nursing, physical therapy, lab tests, and x-rays are all deductible. Bus and taxi costs incurred for traveling to and from medical appointments are also deductible.


Purchased Long-Term Care Insurance

If you itemize your deductions, you can deduct the amount of medical expenses paid that exceed 10% ( 7.5% if 65 or older) of your adjusted gross income. Long term care insurance premiums are considered medical expenses and may be deductible, subject to limitations. A long term care insurance contract is an insurance contract that only provides coverage for qualified long term care services. For more information see IRS Publication 502 at www.irs.gov


Weight Loss Programs

The IRS has recognized obesity as a medical disease. If you participate in a weight loss program because your physician diagnosed obesity, hypertension, or heart disease, you may be able to deduct the cost as a medical expense on Schedule A. General rules for deducting medical expenses apply.


Out-of-Pocket Health Insurance cost

If the Premium Tax Credit does not cover the full cost of your health insurance, you can deduct the portion of the health insurance you pay as part of your deductible medical expenses.