If you’ve incurred medical expenses this year, you may qualify for a tax deduction. Taxpayers can deduct the amount of unreimbursed medical expenses that exceeds 7.5% of their adjusted gross income. To qualify for the deduction, the expenses must be paid specifically for medical or dental services, prescription drugs, insulin, medical equipment and supplies, medical insurance premiums, transportation needed to get medical care, and other medical goods and services. The medical expense deduction is an itemized deduction and is reported on Schedule A (Form 1040). Go to https://bit.ly/3zDg8C0 for more information from the IRS or contact us with questions. © 2024