How to Deduct Medical Expenses on Taxes?

Answer The United State Internal Revenue Service (IRS) allows tax payers the option to deduct some medical expenses. If you have paid 7.5 percent or higher of your Adjusted Gross Income (AGI) toward medic... Read More »

Top Q&A For: How to Deduct Medical Expenses on Taxes

Can i deduct college expenses on my taxes?

You can deduct up to $4,000 (as of 2010) of qualified college expenses on your taxes as an adjustment to income. Qualified expenses include tuition and required fees. However, if you claim this ded... Read More »

Can I deduct tutoring expenses on taxes?

The Internal Revenue Service does not typically allow tax deductions for tutoring expenses. The only exception is if the tutor is recommended by a doctor and the tutor is a qualified and trained to... Read More »

How do I deduct my medical expenses?

If you could have your insurance taken out post-tax you'd still end up losing money by doing that. Yes, you could deduct some of your expenses if you are itemizing. Using your sample numbers, you... Read More »

Can I deduct day care expenses from my taxes?

Expenses used exclusively for your day care business are deductible, as are at least a portion of expenses shared by your business and your household. Keep accurate records and save receipts so tha... Read More »