i got braces this year can i get a refund ?
2007-04-03 12:16:22 · 4 answers · asked by pinky3 1 in Business & Finance ➔ Taxes ➔ United States
Medical expenses, including orthodontic work, that exceed 7.5% of adjusted gross income are tax deductible. You cannot include the amounts paid by insurance, however.
2007-04-03 12:22:43 · answer #1 · answered by pjallittle 6 · 1⤊ 0⤋
If you itemize deductions, you can claim unreimbursed medical expenses to the extent they exceed 7.5% or your AGI. If insurance paid for the braces, you can't claim them. If braces are your only medical expense, they probably won't be worth much as a deduction.
2007-04-03 19:24:07 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
Braces would qualify as a dental (medical) expense deduction, but you can only take the portion that you paid that's more than 7.5% of your income, and even then you can only deduct it if you itemize.
2007-04-03 19:58:24 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
itemized medical expense
2007-04-03 21:17:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋