2006-07-12 11:26:36 · 3 answers · asked by Flashbark 2 in Business & Finance ➔ Taxes ➔ United States
Yes they are! Must have proof of payment (canceled check or credit card statement showing same)
Also, unless you have lots of medical expenses, it may just be better to take the standard deduction. Check with your tax advisor!
2006-07-12 11:31:37 · answer #1 · answered by loaferpost 3 · 0⤊ 0⤋
Yes - but medical expenses are only deductible over a certain percentage of your income. Even with a family of five, our expenses never add up to enough to deduct.
2006-07-12 18:30:55 · answer #2 · answered by davis0375 3 · 0⤊ 0⤋
Medical expenses must aggregate in excess of 7.5% of your adjusted gross income just to get on the floor. Ex:
AGI - 50,000
7.5% - 3,750
Medical exp. - 3,800
Deductible amt - 50
2006-07-12 18:52:04 · answer #3 · answered by 3eleven 4 · 0⤊ 0⤋