Tags » Health Care Tax

What Qualifies as a Medical Deduction?

In 2014 there is a higher itemized medical deduction threshold, raising to 10 percent of your adjusted gross income (AGI) from 7.5 percent in 2013.  Once you hit that threshold, there are many medical and dental expenses that do qualify for the deduction.   171 more words

Accounting

Common Medical Expenses Deducted For Taxes

If, for a taxable year, you itemize your deductions on Form 1040, Schedule A (PDF), you may be able to deduct expenses you paid that year for medical and dental care for yourself, your spouse, and your dependents. 456 more words

Tax Breaks