Medical Expense Deduction: What You Need to Know for Tax Season

Yes, medical bills can be deducted from taxes in some cases. The Internal Revenue Service (IRS) allows taxpayers to deduct qualified medical expenses that exceed 7.5% of their adjusted gross income (AGI). This includes expenses for diagnosis, treatment, surgery, transportation to medical appointments, and certain medical devices and equipment. However, there are certain limitations and restrictions on which expenses can be deducted. For example, cosmetic procedures and over-the-counter medications are not considered qualified medical expenses. It's important to keep all necessary documentation, such as receipts and medical records, to support the medical expense deductions claimed on your tax return.