Question

Medical expenses for 2020 in Wisconsin

Forum|Forum|5 years ago
January 28, 2021
1 reply
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Both my wife and I are retired in Wisconsin. where in Turbotax do I report my medical expenses for our supplement insurance? Also, my wife had 6 months of health insurance through Cobra from the company I retired from.

T

ThomasM125

Medical expenses are considered an itemized deduction, that will only benefit you if all of your itemized deductions total more that your standard deduction, which is $24,800 for joint filers who are under 65 years old. Also, only the portion over 10% of your adjusted gross income is deductible. If the deduction does not help you on your federal return it may still help on your state tax return.

You enter medical expenses in TuroTax by using the following menu tabs: