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February 2, 2025
Question

can i change from standard deduction to claiming tax break deductions?

  • February 2, 2025
  • 2 replies
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I have medical bills I would like to claim how can I switch from standard deduciton?

    2 replies

    Employee
    February 2, 2025

    If you manage to enter enough itemized deductions to exceed your standard deduction the software will use your itemized deductions.   It is pretty difficult to achieve.

     

    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 2024—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

     

     

    2024 STANDARD DEDUCTION AMOUNTS

    SINGLE $14,600    (65 or older/legally blind + $1950)

    MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550)

    MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

    HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

     

     

    **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.**
    DoninGA
    Employee
    February 2, 2025

    Health care insurance premiums, including dental and vision insurance premiums, and other medical expenses that you paid with out of pocket funds and were not reimbursed are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.


    Standard deductions for 2024

    Single - $14,600 add $1,850 if age 65 or older
    Married Filing Separately - $14,600 add $1,550 if age 65 or older
    Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
    Head of Household - $21,900 add $1,950 if age 65 or older


    To enter your medical expenses -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Deductions and Credits
    Click on I'll choose what I work on (if shown)
    Scroll down to Medical
    On Medical Expenses, click the start or update button


    Or enter medical expenses in the Search box located in the upper right of the program screen. Click on Jump to medical expenses