Medical Expense Tax Break

If you, your spouse or your dependent (child or elderly parent) require qualifying medical care, you can take tax deductions on all expenses over 10% of your Adjusted Gross Income. Qualifying medical care includes:

• Disabled dependent care expenses. This includes expenses incurred for care of a disabled spouse or dependent parent.

• Long-term care services. Long-term care services that are necessary, preventative, therapeutic, treating, rehabilitative services and maintenance & personal care services all qualify if they are required for a chronically ill individual and are provided pursuant to a plan of care prescribed by a licensed healthcare practitioner.

• Nursing services. Wages paid for nursing services are considered medical expenses. The services need not be performed by a nurse as long as the services are of a kind generally performed by a nurse.

For more information on medical tax breaks, please refer to IRS Publication 502 or consult an income tax professional.