What is the medical deduction on a federal tax return?


Quick Answer

The medical expense deductible on the federal tax is in excess of 10 percent of the adjusted gross income, or 7.5 percent for couples of 65 years or older, according to IRS. The IRS effected the 7.5 percent deduction policy on Jan. 1, 2013, to Dec. 31, 2016.

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Full Answer

Deductible medical payments include doctors' fees, inpatient hospital care or residential nursing home care, payment for weight loss program for a diagnosed disease, payments for prescription drugs, transport cost to receive essential medical care, and health insurance premiums, according to IRS. Individuals figure out the deductible amount on Form 1040, Schedule A. Self-employed people may qualify for the self-employed health insurance deduction, which is an adjustment on the net profit.

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