Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Are there any thresholds to cross in this process? IE: does the 7.5% exclusion apply here? Would it really be worth the effort for most people?

Deductible capital medical expenses are treated the same as other medical expenses. The total of all medical expenses is reduced by 7.5% of AGI, the balance increasing itemized deductions.

Especially among older people, it's not hard to have medical expenses in excess of 7.5% of AGI.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.