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January 8, 2025
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I paid a certain amount out of pocket for a medical procedure which included the deductible and copays. Where do I need to enter this information if it can be deducted?

  • January 8, 2025
  • 1 reply
  • 0 views
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    Best answer by VolvoGirl

    You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI.  And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction).  And since the Standard Deduction is increased more people will not need to Itemize.

     

    For 2024 the standard deduction amounts are:

    Single 14,600+1,950 for 65 and over or blind

    HOH 21,900 + 1,950 for 65 and over or blind

    Joint 29,200 +  1,550 for each 65 and over or blind (both 32,300)

    Married filing Separate 14,600 + 1,550 for 65 and over or blind

     

    Enter Medical under

    Federal (Personal for HB)

    Deductions and Credits

    Then scroll way down to Medical

    Then Medical Expenses - click Start or Update

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    January 8, 2025

    You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI.  And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction).  And since the Standard Deduction is increased more people will not need to Itemize.

     

    For 2024 the standard deduction amounts are:

    Single 14,600+1,950 for 65 and over or blind

    HOH 21,900 + 1,950 for 65 and over or blind

    Joint 29,200 +  1,550 for each 65 and over or blind (both 32,300)

    Married filing Separate 14,600 + 1,550 for 65 and over or blind

     

    Enter Medical under

    Federal (Personal for HB)

    Deductions and Credits

    Then scroll way down to Medical

    Then Medical Expenses - click Start or Update