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March 20, 2025
Question

What percentage does the medical expenses take off our taxes? I just entered a $700.00 orthotics cost that was declined by my insurance provider?

  • March 20, 2025
  • 1 reply
  • 0 views
As a "test".

    1 reply

    TurboTaxSusan
    March 21, 2025

    You don't get a set percentage off.

     

    You can claim the total of the eligible medical expenses minus the lesser of the following amounts:

    $2,759
    3% of your net income (line 23600 of your tax return)

     

    If the total of your medical expenses are less than $2,759 or 3% of your net income, then you don't get the medical expenses credit for the year. But you might be able to claim the expense on your tax return next year.