Medical Expense Deduction
Definition
An itemized deduction for unreimbursed medical and dental expenses that exceed 7.5% of your AGI. Qualifying expenses include doctor visits, prescriptions, health insurance premiums (if not pre-tax), dental work, vision care, mental health services, and certain travel costs for medical care. Cosmetic procedures generally don't qualify unless medically necessary.
Example
If your AGI is $60,000, you can deduct medical expenses exceeding $4,500 (7.5% of $60,000). If you had $8,000 in qualifying medical expenses, you'd deduct $3,500 ($8,000 - $4,500).
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