
Can I get a deduction for medical expenses paid out of pocket?
I had a knee injury last year and unfortunately had no health insurance. I have since paid about $4,000 in medical expenses and wasn’t sure if I would be able to deduct some of that and maybe get some money back when filing taxes.
Any help would be great. Thanks!
If you itemize your taxes, all uninsured medical expenses in excess of 7.5% of your income, can be used as deductions on your taxes.
Federal Income Tax Medical Expense Deductions 2010, 2011
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