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If you paid $ for the year to medical bills that insurance did not cover, how much do you need to accumulate to be able to claim the amount on your taxes?

2007-01-30 11:40:44 · 2 answers · asked by Jen 1 in Business & Finance Taxes United States

2 answers

You can deduct the amount of your medical bills that exceeds 7.5% of your income.

2007-01-30 11:48:49 · answer #1 · answered by Anonymous · 0 0

At least with the Feds, it's a percentage of your total income, not a set dollar amount. State taxes are usually determined by what you paid to the Feds, so you may not get a different deduction from the state. Get ahold of the 2006 tax return form and look for that line to get an idea of what you might be able to get - it usually isn't much, unfortunately!

2007-01-30 19:50:31 · answer #2 · answered by Mama Gretch 6 · 0 0

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