Name: Can I Deduct my Medical Expenses on My Taxes?
Uploaded: 2022-01-17T11:51:38+00:00
Duration: 5 min 45 s
Description: If you incur out-of-pocket medical expenses during the year, you can generally deduct those on Schedule A as an itemized tax deduction. However, taxpayers must first consider the AGI floor of 7.5%, an

2 years ago

If you incur out-of-pocket medical expenses during the year, you can generally deduct those on Schedule A as an itemized tax deduction.

However, taxpayers must first consider the AGI floor of 7.5%, and whether they have enough itemized deductions overall to exceed the standard deduction.

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#ScheduleA #MedicalExpenses #ItemizedDeductions

DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

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