IRS: How much can you deduct for medical expenses?

The IRS allows you to deduct medical expenses.

medical expenses

But how much can you deduct and what is included?


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What can be deducted?

The IRS allows you to deduct medical expenses if they have not been reimbursed. Typically, you cannot claim more than 10% of your Adjusted Gross Income(AGI). Read more about it here.

If you or a dependent has been in the hospital or had any pricey procedures, be sure to keep the receipts.

If you qualify and have unreimbursed medical expenses over 7.5% of your AGI from 2021, they can be deducted on your 2021 tax returns.

The threshold was previously 10% but was dropped to 7.5% in 2019.

Some expenses that you can deduct include:

  • doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists
  • hospital or nursing home care
  • acupuncture
  • programs to help people overcome addictions, such as quitting smoking
  • weight-loss programs for diseases diagnosed by a doctor, such as obesity
  • prescription drugs and insulin
  • admission and transportation to medical conferences relating to diseases that you, your spouse, or your dependents have
  • dentures, reading glasses, contacts, hearing aids, crutches, wheelchairs, and service animals
  • transportation to and from appointments

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