Medical Tax Deductions | The TurboTax Blog

What Medical Expenses are Tax Deductible?

February 28, 2020 / Philip Taylor

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020). Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright...

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Tax Deductions and Credits

Tax Considerations for Cancer Patients

April 15, 2019 July 22, 2019 / kendyll

After receiving a cancer diagnosis, a patient may wonder about the financial responsibility that will accompany it. Most insurance plans will cover some of the bills, but cancer patients may have additional expenses that they pay for. Fortunately, cancer patients...

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Health Care

When Can You Claim a Tax Deduction for Health Insurance?

November 19, 2017 January 26, 2018 / TurboTaxBlogTeam

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. With the end of the year...

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Tax News

IRS Gives Tax Relief to Victims of California Wildfires

October 13, 2017 March 9, 2020 / TurboTaxLisa

After the recent destruction caused by the California Wildfires, the IRS announced today that individuals and businesses have until January 31, 2018 to file certain individual and business tax returns and make certain tax payments. This includes an additional filing...

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Tax Deductions and Credits

Are Your New Year’s Resolutions Tax Deductible?

January 6, 2017 July 11, 2019 / Elle Martinez

It’s the new year, and many of us are looking forward to accomplishing something new in 2017. Some of the most common resolutions include: Lose Weight Get Out Off Debt Learn Something New Travel More Volunteer All of these goals have something...

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Tax Deductions and Credits

Real Talk Series: Do My Cancer Treatments Affect My Taxes?

October 7, 2016 June 5, 2019 / TurboTaxLisa

Q: I was diagnosed cancer with this year, and am currently receiving treatments. Will this have any affect on my tax situation? A: I am sorry to hear about your diagnosis, but hopefully this information will help you. If you have...

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Tax Deductions and Credits

Five Ways to Stay Healthy This Summer on a Budget (and Maybe Get a Tax Deduction)

July 27, 2016 July 10, 2019 / Ginita Wall, CPA, CFP®

Are you in peak condition, eating right, exercising faithfully every day, full of energy and rarin’ to go? Yeah, I didn’t think so. For most Americans, that is a dream but not a reality. Here are five ways to get...

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Tax Planning

Tax Relief for Mississippi and Texas Storm Victims

May 13, 2016 July 12, 2019 / TurboTaxBlogTeam

Following the multiple disasters in Mississippi over the last year, and recent floods in the Houston, Texas, the Federal Management Agency (FEMA) has declared these disaster areas. As a result, IRS is providing tax relief to victims in these areas, including:...

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Affordable Care Act (ACA), Health Care

Got Health Insurance Questions as You Prepare Your Taxes? We Have You Covered!

March 21, 2016 July 23, 2019 / TurboTaxBlogTeam

Chances are you’re getting ready to file your 2015 tax return, and you may have some questions in regards to your healthcare coverage and how it relates to your taxes. How do I prove I was covered in 2015? Do...

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Tax Deductions and Credits

Is This Tax Deductible? Medical Expenses

February 18, 2015 February 27, 2020 / adam

Did you spend a lot of money on your medical care last year? If so, you may be eligible for the medical expense deduction. In total, you must spend more than 10% (7.5% if you are age 65 or older)...

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The IRS filing deadline has been extended to July 15, 2020, for all taxpayers. See more tax updates related to COVID-19 here.

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