Medical and Dental Expenses
There’s Never a Good Time for These Expenses, but at Least You Can Deduct Them
I have found that most itemized deductions remain about the same from year to year for most of my clients. Their mortgage interest and property taxes usually don’t fluctuate very much. They donate about the same amount to charities each year. However, one deduction that changes significantly from year to year is medical expenses. Expenses for doctors, dentists, hospitals, health insurance, and other related items can be deducted from your taxable income as an itemized deduction and sometimes can add up to a significant break on your tax bill.
There are two significant types of personal medical deductions that can be taken on ...