Medical Expense Deduction Tax Relief Is Big Win For Seniors In Year

asis through 2020. The permanent change now takes the medical expense deduction
off the list of temporary year-end tax extenders and provides certainty for taxpayers of
all ages.
What counts as expenses to beat the hurdle? Think broadly: acupuncture to X-rays.
Eligible expenses include premiums for Medicare Part B and Part D as well as
supplemental insurance. Internal Revenue Service Publication 502 has a complete list.
You can claim expenses paid for yourself, your spouse and your dependents. Travel
costs—mileage, tolls and parking—to and from the doctor’s office count too.
Even if you don’t have enough expenses to claim the deduction on your federal return, it
can carry over onto your state return and save you state income taxes. So hold onto all
those receipts.