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Old 01-02-2010, 01:14 PM   #10
Clodfobble
UNDER CONDITIONAL MITIGATION
 
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
Quote:
Originally Posted by skysidhe
I think medical expenses are tax deductible up to a certain amount. I don't remember the details on that though.
Medical expenses are only deductible after they go above a certain threshhold: 7.5% of your adjusted gross income. So if you make $100,000 a year, the first $7,500 is not deductible, only the dollars you spent above that. But if you only make $20,000 a year, you only have to spend $1,500 before your medical expenses start being deductible.
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