Find Out What Medical Expenses Are Deductible

pstrongYou may be eligible for a deduction when making your itemized deductions if you incurred a significant amount of healthcare and dental cost costs last year./strong/ppspanIf your health care costs were over at least ten percent of your yearly gross income, there are several things that you can deduct:/span/pullispanSurgeries/span/lilispanHospital Stays/span/lilispanPrescriptive Eyewear/span/lilispanPrescription Drugs/span/lilispanDoctor Visits (including therapists and medical counsellors)/span/lilispanTravel Costs (if you had to travel for a specific treatment)/span/li/ulpspanNote that the above is not a complete list, you can check out /spana href=https://www.irs.gov/taxtopics/tc502spanPublication 502 on the IRS/span/aspan page. It’s also important to note that the costs are the costs /spanspanyou/spanspan incurred and not the total costs./span/ppspanFor example, if your insurance company paid a portion of the bill, that costs the insurance company paid are not eligible./span/ppspanspanWe’re more than happy to make sure that you qualify for claiming medical expenses. It’s always best to have tax professional like us assess your unique situation so you don’t end up missing out on deductions you’re eligible for as well as deductions you’re not eligible for./span/span/p