Taxpayers who plan to claim medical expense deductions on their 2024 tax returns have less than one month to fit in any eligible appointments and purchases. To qualify, you must itemize deductions and file Schedule A. You can only claim qualified medical expenses not covered by insurance that exceed 7.5% of your adjusted gross income. You may want to accelerate certain costs now if you’re close to or over this limit. Schedule lab work, doctor, dentist and surgical visits, and buy prescription drugs, eyeglasses, contacts, medical devices and eligible supplies before Dec. 31. Deductions include medical insurance premiums and certain transportation costs. To learn more: https://bit.ly/3ViONwU. Contact us with any questions. © 2024