Can you tell me what tax deductions are available for cancer patients? Are there any special deductions on medical expenses that we should be aware of? What can we deduct? How much of medical expenses can we deduct?
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John Dundon, II EA
Generally speaking report all medical expenses on Schedule A. However only those expenses exceeding 7.5% of your adjusted gross income for the tax year will carry over as an itemized deduction. For more info check out this post...
http://johnrdundon.com/medical-and-dental-expenses-irs-publications-502-969/
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