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June 5, 2019
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My wife was in the hospital for the birth of our 2nd child and our hospital bill was over $6000. We set up a payment plan and haven't repayed it all. Can we claim that?

  • June 5, 2019
  • 1 reply
  • 0 views
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Best answer by Marketstar

You can only deduct medical expenses/insurance you actually paid in 2016 if you itemize and the total expenses for you, your spouse, and your dependents exceed 10% of your adjusted gross income (7.5% if you're 65 or older as of December 31, 2016). The deduction is limited to the expenses above and beyond this amount.

See Deducting Medical, Dental, and Vision Expenses

To enter your medical /insurance 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

1 reply

Employee
June 5, 2019

You can only deduct medical expenses/insurance you actually paid in 2016 if you itemize and the total expenses for you, your spouse, and your dependents exceed 10% of your adjusted gross income (7.5% if you're 65 or older as of December 31, 2016). The deduction is limited to the expenses above and beyond this amount.

See Deducting Medical, Dental, and Vision Expenses

To enter your medical /insurance 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