5 Medical Deductions (you didn't know you could take)

When you think of medical expense deductions, you probably think of doctor copays, prescription fees, and medical insurance. Well, the five deductions described in this video push the envelope of medical deductions. And what's more to the point, if you qualify to take them, they're perfectly legal!

2022 UPDATE:

As of July 1, 2022, the standard Medical Mileage Rate increased to $.18/mile.

To learn more about Itemized Deductions in general, click here:    • Can I Itemize Deductions?  

Resources and additional information:

IRS Publication 502 "Medical Expense Deductions": https://www.irs.gov/pub/irs-pdf/p502.pdf

National Center for Transgender Equality: "Federal taxes and Transgender People": www.nctequality.org

Orvis News: "Is That a Real Service Dog?": https://news.orvis.com/dogs/is-that-a...

The Tax Geek on Twitter: @taxgeekusa

The Tax Geek on Reddit: www.reddit.com/r/askataxgeek

Image attribution:

Wikimedia Commons. CC-SA (2.0-4.0)
Usernet123u
Jim.henderson
M.O. Stevens
Matthewriter14
Sixflashphoto
Tolbxela Bot
Jekader
Zemplin Templar
Aldo Tadeo Suarez Guido
Karl-Heinz Wellman
Mariordo Mario Roberto Duran Ortiz
Los Angeles
Patrick Mackie

Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Background and Outro Music: George Street Shuffle, Kevin McLeod, http://incompetech.com via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The tax information in this video is based on tax law and IRS regulations in place when this video was published, and is subject to the whims of Congress.