Friday, May 21, 2010

Can you claim out of pocket dental expenses on your tax return?

I paid for teeth cleanings and x-rays out of pocket due to having no coverage.

Can you claim out of pocket dental expenses on your tax return?
Yes. But, you can deduct only the amount of your medical and dental expenses that is more than 7.5% of your adjusted gross income (Form 1040, line 38).





(Here's an Example.)





Your adjusted gross income is $40,000, 7.5% of which is $3,000. You paid medical expenses of $2,500. You cannot deduct any of your medical expenses because they are not more than 7.5% of your adjusted gross income.
Reply:If you file a 1040 Schedule A and can meet the income limitations on the deduction and IF you have enough other Sch A expenses.


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