Federal Income Tax Medical Expense Deductions for 2009, 2010
66When itemizing your medical deductions, it is important to know what qualifies and how much you can deduct.
You can claim deductions for medical expenses for yourself as well as medical expenses for any of your dependents as long as they were considered your dependent when the medical service was performed. Any type of payment made in advance for medical treatment will not be deductible until the service is rendered.
Most of us are probably familiar with the standard medical deductions such as hospital expenses, doctor visits, and health insurance premiums that are not paid pre-tax, but there are many other not so common deductions such as:
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Artificial limbs or teeth
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Chiropractor fees
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Hearing aids
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Alcoholics Anonymous club meetings
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Purchase and care of a guide dog
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Transportation services to appointments
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Home modifications for medical reason
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Sterilization
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Television or phone equipment for hearing impaired
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Laboratory fees
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Eyeglasses
There are many other deductions that are available to you as well. Medical expense deductions can add up to a huge savings for you and your family. If you have a certain item and are wondering if you can deduct it as a medical expense you may want to try on online tax service such as TurboTax.
Under the current federal medical tax deductions you may not deduct certain items such as gym memberships, over the counter medicine, vitamins, cosmetic surgery, dental work considered cosmetic, or any type of veterinary care for an animal.
Have a question about your medical expenses? Visit TurboTax Online to see how you can maximize your tax deductions. TurboTax Online offers Free Tax Deduction Calculators. The only time you pay a fee is if you decide to use their service to file your taxes.
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z. reno says:
2 months ago
Are nursing home expenses deductible? How about payments to private nurse's aides at nursing homes? Are they considered "medical expenses" or tax deductible in any way?