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March 11, 2025
Question

i have over 16000.00 in medical bills in 2024. why is it only counting a portion of that ?

  • March 11, 2025
  • 2 replies
  • 0 views
everything is entered correctly

2 replies

March 11, 2025

the $16K is reduced by 7.5% of line 11 (adjusted gross income) of your return. 

March 11, 2025

Medical expenses are not fully deductible.  They are only deductible as an itemized deduction to the extent the exceed 7.5% of your AGI.

 

Here is some more information on medical expenses: Are Medical Expenses Tax Deductible?