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February 11, 2025
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If I was assaulted and it was 11000 but MY insurance had to pay plus I owe 375 still do I deduct that

  • February 11, 2025
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I was attacked by another person and ambulance carried me to hospital and my insurance paid the 11000 bill except for the 375 can I deduct any of that
    Best answer by xmasbaby0

    So sorry to hear that happened and hope you are okay.   If you are itemizing medical expenses, you can enter the part that you paid out of pocket---but not any amounts that were covered by insurance.

     

     

    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)

     

    1 reply

    xmasbaby0Answer
    Employee
    February 11, 2025

    So sorry to hear that happened and hope you are okay.   If you are itemizing medical expenses, you can enter the part that you paid out of pocket---but not any amounts that were covered by insurance.

     

     

    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.**