Medical care expenses include any amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, as well as for treatments affecting any part or function of the body. To qualify as medical expenses, they must be mainly to alleviate or prevent a physical or mental defect or illness. Learn more about medical expenses here.
Child of Divorced or Separated Parents
If both parents are able to claim a child as a dependent, both are permitted to include the medical expenses he or she pays for the child, even when the other parent claims exemption for the child.
Dependents & Medical Expenses
Medical expenses paid for dependents are deductible, but the individual must have been a dependent either at the time the medical services were provided or at the time the expenses were paid. To qualify as a medical dependent the individual must:
– have lived with the taxpayer for the entire year as a member of the household (or be related)
– be a U.S. citizen or resident (or a resident of Canada or Mexico) for some part of the calendar year in which the tax year began
– have received over half of their total support for the calendar year from the individual claiming them as a dependent.
Insurance premiums are includable in medical expenses and are thus deductible unless the premiums are paid with pre-tax dollars, such as when premiums are not included in your wages. This means that employer-sponsored health insurance plans are non-deductible unless the premiums are included in your wages.
Medicare B: Medicare B is a supplemental medical insurance and thus counts as a deductible medical expense.
Prepaid insurance premiums: Premiums paid before you are age 65 for medical insurance for yourself, your spouse, or your dependents after you reach age 65 qualify as medical care expenses in the year paid if they are:
1. Payable in equal yearly installments, or more often
2. Payable for at least 10 years, or until you reach age 65 (but not for less than 5 years)
Premiums you pay for the following are not deductible as medical expenses:
– Policies for loss of life, limb, sight, etc.
– Policies providing payment for loss of earnings
– Policies that pay you a guaranteed amount each week for a stated number of weeks if you are hospitalized for sickness or injury
– Life insurance policies
– The portion car insurance premiums that provides medical insurance coverage for all persons injured in or by your car