how much medical and dental expense do i need to have to claim it on my taxes?
2007-07-18 09:28:34 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Greater than 7.5% of your ADJUSTED income.
2007-07-18 09:38:18 · answer #1 · answered by hirebookkeeper 6 · 0⤊ 0⤋
Take 7.5% of your adjusted gross income. (The last line on page 1 of form 1040). Any medical, dental, medical mileage, doctor order over the counter meds, etc. would be the deductible portion. That figure added to taxes, certain interest expenses, charitable contributions and allowable job related and miscellaneous expenses needs to exceed the standard deduction the IRS allows for your filing status. Hopes this helps.
2007-07-18 16:40:25 · answer #2 · answered by IRENE THE BOOKIE 3 · 1⤊ 0⤋
First of all, your expenses have to be over 7.5% of your adjusted gross income - you can only deduct the expenses that are OVER that amount.
Then also, your total itemized deductions, including the med/dental amount that's over 7.5% of your income, need to be more than the standard deduction for your filing status.
2007-07-18 22:38:43 · answer #3 · answered by Judy 7 · 1⤊ 0⤋