Are hospital bills deductible on tax returns?

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I have a hospital bill that I have been making monthly payments on, is that deductible on my tax returns?

2007-02-02 04:54:34 · 3 answers · asked by Retrac5053 1 in Business & Finance ➔ Taxes ➔ United States

Yes, but it dependes on a % of wages.

2007-02-02 04:59:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋

You can deduct medical expenses, incurred in 2006, above 7.5% of your Adjusted Gross Income (Line 38, Form 1040).

2007-02-02 13:16:12 · answer #2 · answered by PALADIN 4 · 1⤊ 0⤋

Yes, absolutely - any money you pay them in the taxable year.

You can even deduct medical bills that you paid for someone else.

2007-02-02 12:58:25 · answer #3 · answered by mikeleibo 2 · 0⤊ 1⤋