Why would I not claim my medical expenses?

Some people think they don't have a big enough amount to claim but you should always verify if you do. Our software will tell you if you do or not when you enter your expenses.

To qualify, your household’s eligible medical expenses must add up to the lesser of 3% of your net income or $2,479. For example, if your net income is $60,000, all medical expenses beyond $1,800 are a credit against your taxable income.

Many people don’t bother calculating their expenses to claim the METC because they assume they won’t meet the 3% threshold. But there are so many legitimate medical expenses—like car mileage and caregiver lodging for out-of-town appointments — that most people don’t think about or know about. 

So try your best to keep track of receipts and document your expenses. They’ll add up quickly to help you surpass the all-important 3% mark!

TIP: If you’re part of a group health insurance plan at work, you may also have a medical expense to claim, reported on your T4 Box 85.

Please see our TurboTax article: What Qualifies As Medical Expenses When Filing Taxes?

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