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I had to have 2 root canals done this year can I write them off of our taxes for 06. we had to pay for the whole thing out of pocket.

2006-07-18 05:05:33 · 7 answers · asked by MayberryNR5 6 in Business & Finance Taxes United States

7 answers

Yes, you can write off all medical and dental expenses. This amounts can only be deducted to the extent they exceed 7.5% of your adjusted gross income. For most people this is your total income (IE wages). So if you have wages of 100,000, then you can only deduct any medical expenses over $7,500. This means that you usually have to be very sick or injured to deduct anything. In addition to this, you can only claim them if you are able to itemize your deductions, so you would probably need some other itemized deductions (state taxes, mortgage interest, etc.) to make it beneficial to itemize as opposed to taking the standard deduction.

2006-07-18 06:48:24 · answer #1 · answered by Tax Man 2 · 3 0

Yes, add the cost in with any other medical bills you have in '06, including mileage, parking, cost of medical insurance co-payments (the premium paid to your employer is already deducted from your total income reported on your W-2), drugs and/or drug co-payments. The portion deductible on Schedule A itemized deductions is the amount that exceeds 7.5% of your AGI, adjusted gross income.

2006-07-18 11:50:20 · answer #2 · answered by Anonymous · 0 0

Yes, but the whole of your medical bills has to add up to some crazy percentage (30% I believe) of your income in order for you to be able to claim it. Save all your medical bills, and give it a try. Go to http://www.irs.gov to find all the details. Either type in 'medical bills' into the search box, or look up the instructions for "Itemized Deductions".

2006-07-18 05:12:38 · answer #3 · answered by my brain hurts 5 · 0 0

Reverse Your Tooth Decay : http://DentalBook.uzaev.com/?GXKs

2016-06-29 17:50:19 · answer #4 · answered by Hollis 3 · 0 0

in my state you can write off all dental and medical and prescription co-pays and any out of pocket costs. you need to check with someone who knows the tax laws in your state. but always when in doubt keep your receipts until you get them (taxes) done.

2006-07-18 05:13:18 · answer #5 · answered by Anonymous · 0 0

Unreimbursed medical expenses may be written off only if they are above a certain threshold value (several thousand dollars worth of unreimbursed expenses). Unless you have other very high cost medical problems you are unlikely to be able to claim these expenses.

2006-07-18 05:10:39 · answer #6 · answered by kevinngunn 3 · 0 0

You can deduct unreimbursed medical and dental expenses as they exceed 7.5% of your adjusted gross income. If you have insurance covering it though, you can not deduct it.

2006-07-18 08:54:56 · answer #7 · answered by Josh 4 · 0 0

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