Long Arrow Right External Link angle-right Search Times Spinner angle-left

Itemized Deductions - Medical Expenses 2021

Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. Medical expenses include the costs of equipment, supplies, and diagnostic devices needed for these purposes. The expenses must be primarily to alleviate or prevent a physical or mental defect or illness.

Limit on Itemized Deductions

Qualified medical expenses are deductible as itemized deductions to the extent expenses exceed 7.5% of your adjusted gross income (AGI). The 7.5% AGI threshold applies for both regular tax and AMT purposes.

Read more: Itemized Deductions - Medical Expenses 2021