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Medical Expenses Tax Deduction: Avoid Common Misunderstandings and Maximize Your Benefits
Medical expenses can be a significant financial burden, but certain costs may be deductible on your taxes if you itemize. Only unreimbursed expenses exceeding 7.5% of your adjusted gross income qualify. Deductible items include insurance premiums, doctor visits, prescriptions, and medical equipment, as well as transportation and lodging related to care. Understanding IRS rules and keeping detailed records ensures you maximize your medical expenses tax deduction.

Christian Wolff
Dec 33 min read
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