On medical deductions, can I use the amount the ins was billed or do I use the amt I paid out of pocket?

Answer 1

You can only deduct what you actually paid during the year, not what you were billed.

Publication 502
http://www.irs.gov/publications/p502/index.html

Answer 2

You use the amount that you actually PAID out of pocket in the tax year. If you charged it to a credit card, that's considered as paying it as of the date that you charged it, not when you pay off the credit card balance. If you still owe it, then you can't deduct it. And you can never deduct the part that insurance paid, or reimbursed you for.

For itemizing deductions, you have to total your medical expenses and then subtract 7.5% of your income - you can only deduct the medical expenses that are over the 7.5%.

Answer 3

The amount you actually paid out of pocket. Only the un-reimbursed expenses are deductible.

Answer 4

You have to use the amount that you actually paid to close the bill. Whatever you wrote the check for is the dollar amount you are allowed to us.

Answer 5

Paid out of pocket.

Anything reimbursed or paid by insurance is not deductible.

Answer 6

You have to use PAID OUT OF POCKET expenses, but your itemized deduction have to be greater than your standard deduction for you to be able to claim your expenses
Single or Married filing separately, $5,150
Married filing jointly or Qualifying widow(er), $10,300
Head of household, $7,550

Answer 7

You usually need to have at least $4000 in medical expenses before you can use medical expense as a deduction. Go to irs.gov to find out for sure.