TaxAudit Blog

Tag: medical expense

Piggy bank and stethoscope on blue background

Medical expenses are deductible, but whether or not you can claim this deduction depends entirely on the amount you spent and the amount you earned.

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Nurse walking with elderly woman

Insurance policies may cover part of nursing home costs and the unreimbursed expenses can often be deducted on a Form 1040 individual tax return.

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Vitamins

The general rule is that you can deduct the costs of vitamins as a medical deduction only if your doctor prescribed them to treat a specific medical condition.

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people running on treadmills in a gym

The most likely answer for most people would be no, as the general rule is that you cannot deduct the cost of the gym membership. However, there are exceptions.

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stethoscope on top of stack of cash over an Insurance Claims statement

One way to offset the rising costs of health care is by claiming an itemized deduction for qualified medical expenses paid during the year on your income taxes.

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Woman wearing eyeglasses

Prescription eyeglasses for correcting your vision are deductible as a medical expense, but you may not be able to deduct them based on other factors.

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