O'Reilly logo

J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return by J.K. Lasser Institute

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

17.1 Medical Expenses Must Exceed AGI Threshold

The tax law provides only a limited opportunity to deduct unreimbursed medical costs for you, your spouse, and your dependents (17.7). Although a wide range of expenses are potentially deductible (Table 17-1) if you itemize expenses on Schedule A of Form 1040, your deduction may be completely disallowed or severely limited because of the AGI floor. For 2012, only expenses in excess of 7.5% of your adjusted gross income may be claimed (12.1). Adjusted gross income is shown on Line 37 and Line 38 of Form 1040. Married persons filing joint returns apply the 7.5% floor to their combined adjusted gross income.

Table 17-1 Deductible Medical Expenses

Professional ServicesChiropodistChiropractorChristian Science practitionerDermatologistDentistGynecologistNeurologistObstetricianOphthalmologistOpticianOptometristOrthopedistOsteopathPediatricianPhysicianPhysiotherapistPlastic surgeon; but see 17.3.PodiatristPractical or other nonprofessional nurse for medical services only, not for care of a healthy person or a child who is not ill. Costs for medical care of elderly person unable to get about or person subject to spells are deductible (17.12).PsychiatristPsychoanalystPsychologistRegistered nurseSurgeonUnlicensed practitioner services are deductible if the type and quality of the services are not illegal.Dental ServicesArtificial teethCleaning teethDental X-raysExtracting teethFilling teethGum treatmentOral surgeryStraightening teethEquipment ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required