Can I claim all of my doctor copayments on my taxes?

Question

Itemized statements from the doctor office ok too? Do you have to have a certain amount in write offs?

Answer 1

Yes, those are legitimate medical expense deductions. You can only deduct medical expenses that exceed 7.5% of your Adjusted Gross Income, and then only if you itemize deductions.

Answer 2

The alternative to itemizing your taxes (and probably not getting credit anyway) is a Cafeteria Plan (I.R.S. section 125). You are eligible for participation only if your employer offers this plan. Under a Cafeteria Plan you pay a predesignated amount out of every paycheck to an account. When you have a medical amount that is not covered by insurance (co-payments, prescriptions, etc) you submit a claim for reimbursement from that account. Since money going into the account is not taxed, you are paying for all of this with non-taxed money. If this plan is available to you it has the advantage of saving you money on all your medical expenses -- not just the ones over 7% of your adjusted gross income.

When you're setting up the account be careful not to over estimate your annual expenses because anything you can't claim will be lost.

Answer 3

There's good news and bad news. Yes the copays are eligible to be deducted, if you itemize - not if you take the standard deduction. But you have to subtract 7.5% of your income from your total medical expenses, and you only get to deduct what's over that.

Answer 4

You can deduct only the part of your medical and dental expenses that is more than 7.5% of your adjusted gross income. If your medical and dental expenses are not more than 7.5% of your adjusted gross income, you cannot claim a deduction.

Answer 5

Ive heard up to 3500 dollars.

Answer 6

yes you can