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April 11, 2023
Question

I have medication co-pay of $590 with some other added expenses I need to know if they are deductible. Can I list them and get responses?

  • April 11, 2023
  • 1 reply
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Here they are: Life Line screening services $253; Chiropractic co-pay $297;Dentist copay $30;BodiMetrics CIRUL ring for CPAPnight studies 199;Diabetic Eye exam and glasses 290

1 reply

Employee
April 11, 2023

Those things can be entered as medical expenses.  They are unlikely to have any effect, though.

 

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2022—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

 

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

 

 

2022 STANDARD DEDUCTION AMOUNTS

 

SINGLE $12,950  (65 or older + $1750)

 

MARRIED FILING SEPARATELY $12,950  (65 or older + $1750)

 

MARRIED FILING JOINTLY $25,900  (65 or older + $1400 per spouse)

 

HEAD OF HOUSEHOLD  $19,400  (65 or older +$1750)

 

Legally Blind + $1750

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**