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2015/05/17 10:14:17
gbar
bitflipper
I gotta second Vastman's hypothesis. I, for one, am still scraping together money to get back into the good graces of the IRS. Dang, I wish medical bills were deductible - I wouldn't be paying income tax at all.
 
 


https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/Can-I-Claim-Medical-Expenses-on-My-Taxes-/INF14196.html
 
The IRS allows you to deduct qualified medical expenses that exceed 10% of your adjusted gross income for the year. Your adjusted gross income (AGI) is your taxable income minus any adjustments to income such as deductions, contributions to a traditional IRA and student loan interest.
For example, if you have a modified adjusted gross income of $45,000 and $5,475 of medical expenses, you would multiply $45,000 by 0.10 (10 percent) to find that only expenses exceeding $4,500 can be deducted. This leaves you with a medical expense deduction of $975 (5,475 - 4,500).
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