tre1160 asked:
Is there anything I can do? It doesn’t seem to make sense that medical expenses can’t be used to offset income in later years. People with the highest expenses are those who probably have the least income because they couldn’t work. Yet because medical expenses can’t be deferred the deductions [...]
Posts under ‘United States’
How I can defer my medical expenses to a year with more income?
What sorts of medical expenses are tax deductible? Are therapy, prescriptions and dental deductible?
Joe W asked:
I recently changed jobs and it is a smaller company. I am paying more and more medical expenses out of pocket and I need to know how I can claim them as deductions.
Can you deduct medical expenses if you received a settlement from a third party insurance claim?
liza y asked:
I had an accident with a table saw resulting in the amputation of several fingers. I did not have health insurance at the time. I sued the owner of the table saw and received a settlement through their homeowner’s insurance. Are the medical expenses deductible?
What Medical Expenses are subject to the Alternative Minimum Tax?
Astr asked:
The Alternative Minimum Tax may affect many people because of deductions they claimed for medical expenses (in addition to other things). I’m wondering what “medical expenses” means. Is there a even a single definition or does the criteria differ from household to household?