Medical Expense Deductions: When it's Worth Tracking & How

Have you ever wondered how medical expense deductions work and if you could potentially qualify? 

 

Today, I’m giving you a deep dive into the medical expense tax deduction, including what it is and who qualifies for it so you can know if you have to prepare to keep track of your medical expenses.

 

Join me in this episode to learn whether or not you qualify for the medical expense deduction and how you can make sure you take advantage of this important tax deduction if you do qualify. 

 

Also mentioned in today’s episode: 

 

• Standard vs. itemized deductions 5:17

• The maximum deduction for medical expenses 18:23 

• How to know when it’s worth it to track your medical expenses 21:06

• What is medically deductible 27:19

If you enjoyed this episode, please rate, review and share it! 

 

Links:

• IRS Medical expenses guide

• Blank 1040 Form

• Itemizing vs. Business Deductions: Ending the Confusion

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