What Medical and Dental Expenses Can You Deduct on Your Taxes

As a taxpayer, you may be able to deduct certain medical and dental expenses on your tax return if they meet certain criteria. Here are some examples of eligible expenses:

1. 1. Medical and dental expenses for yourself, your spouse, and dependents: You may deduct expenses related to the diagnosis, cure, mitigation, treatment, or prevention of disease or illness.
   2. Health insurance premiums: If you pay for your own health insurance premiums, you may be able to deduct them on your tax return.
   3. Long-term care expenses: If you or a loved one requires long-term care, such as a nursing home, assisted living facility, or in-home care, you may be able to deduct the expenses.
   4. Transportation expenses: If you travel to receive medical care, you may be able to deduct the cost of transportation, such as gas, mileage, and parking fees.
   5. Prescription medications and medical supplies: You may be able to deduct the cost of prescription medications and medical supplies, such as crutches, braces, and hearing aids.

It’s important to note that in order to deduct medical and dental expenses on your tax return, you must itemize your deductions and the expenses must exceed a certain percentage of your adjusted gross income (AGI). The threshold for 2022 is 7.5% of your AGI, but this may change in future years. Additionally, not all medical expenses are eligible for a deduction, so it’s important to consult a tax professional or the IRS website for specific guidelines.