You can thank the Inflation Reduction Act of 2022 for some of the biggest Medicare changes in the past few years — including a welcome reprieve from the high costs of prescription drugs.
7 Surprising Medical Expenses You Can Deduct on Your Tax Return
Medical costs can add up, depending on the treatments you get and how often you need medical care. Even if you have insurance, you’ll probably have expenses you need to pay for out of pocket.
The IRS allows certain taxpayers to save money on their tax return by deducting qualified medical and dental expenses, such as:
- Prescription contact lenses
- Prescription eyeglasses
- Prescription medications
- Root canals
- Teeth cleanings
- Visits to healthcare providers and dentists
It’s important to consult with a tax professional to get a better idea of what medical expenses you can deduct. It’s easy to overlook less common expenses that may also be tax deductible.
How do I claim medical expenses on my taxes?
