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deductions?

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boling4

Junior Member
What is the name of your state? Oklahoma

This may sound like a really stupid question, but what exactly is the benefit of stating medical deductions? In this coming year I will have doctors appointments every few months 300+ miles away and have all types of different medication expenses as well. Plus, my husband will be going to school as well. Just to get a general idea, will these benefit in the long run in the form of a bigger refund, or something?

Thanks
 


Snipes5

Senior Member
If you have other Schedule A deductions, such as mortgage interest, property taxes and contributions to charity, medical expenses greater than 7.5% of your Adjusted Gross Income can reduce your tax liability.

Snipes
 

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