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February 25, 2020
Question

What do I file if I have medical debt due to problems last year, I didn't have insurance because I quit my job before that an before I could get another got sick?

  • February 25, 2020
  • 1 reply
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I could only pay for the medicine at the time and was only recently told I could ask for help paying for the few weeks I was in the hospital by filling out some paperwork with the hospital here, but they never got back. I just need to know if since I haven't paid much of it, what I should say under the medical expenses part.

1 reply

Employee
February 25, 2020

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 2019—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

**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.**