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Here's a list of some common qualifying medical expenses for 2022, according to the IRS: The IRS says medical expenses include "payments for the diagnosis, cure, mitigation, treatment, or prevention of disease, or payments for treatments affecting any structure or function of the body." What medical expenses are tax deductible? Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. Some states follow the federal guidelines while others allow a lower threshold that may be easier to qualify for. Note: Many states also offer a medical expense deduction. Instructions for claiming the deduction are included on the tax forms you use to file your return. The IRS expects taxpayers to be truthful when claiming the medical expense deduction, but you should always keep receipts as proof. The medical expense deduction lowers the taxable income of people who spent more than 7.5% of their adjusted gross income (AGI) on prescriptions, disease treatment, doctor's fees, and other medical costs during the tax year. While items like student loan interest and IRA contributions can be deducted from your gross income without itemization, medical and dental expenses require that you itemize your deductions on Form 1040, Schedule A. Tax deductions reduce your taxable income and lower your overall tax liability. Couples that are married but file separate returns must follow certain guidelines depending on whether they live in a non-community property state or a community property state, and both have to itemize or take the standard deduction. You may also include expenses paid for someone that does not live with you, like a parent, if they are considered a qualifying relative. If you file jointly with your spouse and/or claim dependents, typically everyone's medical expenses can be combined. You itemize your deductions instead of taking the standard deduction.

If you were burdened by sizable medical bills or health expenses during 2022, there may be some financial relief available to you during tax season. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our