Medical Expense Deductions: Navigating the Complexities of Healthcare Tax Benefits
Introduction Medical expense deductions can provide tax benefits for individuals who meet certain criteria. Generally, eligible expenses must be considered medically necessary and not reimbursed by insurance. These expenses include doctor’s visits, hospital fees, prescription medications, medical equipment, and long-term care costs. However, it’s important to note that cosmetic procedures, non-prescription drugs and general health … Read more