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April 15, 2024
Question

Should I add deductibles wil I get more back if I don't add medical expenses and charity

  • April 15, 2024
  • 1 reply
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How to get the most money back 

1 reply

April 15, 2024

It depends on your filing status and the total deductions you have. 

 

You deduct either the total of your itemized deductions, or the Standard Deduction for your filing status. Check the chart below to find your Standard Deduction based on your filing status. 

 

You can deduct the portion of your medical and dental expenses that exceeds 7.5% of your AGI, so you will see that figure when you start the section. It'll say something like Do your medical and dental expenses exceed $2,400? Answer Yes to continue. 

 

 

 

 

 

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