Can I write off out of pocket medical expenses?

Question

Am I allowed to write off any out pocket medical or dental expenses?

Answer 1

Yes, you can, but typically only the amount that exceeds a set percentage of your income (I think it's like 2-3%).

So, most of it won't be deductible, but if you had a ton of expenses, it could be.

Only way to know is to grab the tax forms and see how the numbers come out.

Answer 2

Okay, lets clarify this. You can write off out of pocket medical and dental expenses like Co-pays and even eyeglasses and other such appliances. However, you need to itemize before this becomes practical and then you need your TOTAL medical expenses (including medical insurance) has to exceed 7.5% of YOUR adjusted Gross income (the number on the bottom of page one of a 1040). How much you need before you itemize is based on your filing status (ie single, married, Head of household etc.) So the bottom line answer is maybe, if you have enough of everything else to go with them.

Answer 3

You need to have a certain dollar amount of out of pocket expenses on medical before you can write them off, and it is way up in the thousands of dollars. Most people with med insurance never reach this dollar amount, so the answer is no. If you have thousands and thousands that were not covered by insurance consult an experienced tax consultant.

Answer 4

You are, sort of. You only can if you itemize. And you can only write off the expenses that are more than 7.5% of your income.

Answer 5

Sure you can, you have to do it in your itemized deductions though. I had to do it a couple of times and it certainly helped out in upping the amount!