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What is the percentage of the deduction amount for medical expenses as compared to gross income?

Submitted: 1790 days and 22 hours ago.

Category: Tax

Value: $200

Status: AWAITING CUSTOMER ACTION

Answer

Your medical, dental and vision expenses are reduced by 7.5% of your Adjusted Gross Income before actually being deductible. Schedule A will do the formula for you.

Accepts:
Expert:	Sandi Hargrove, SkyHawks
Pos. Feedback:	98.8 %
Answered:	12/28/2004

Master Tax Advisor, Enrolled Agent

I am a Master Tax Advisor and Enrolled Agent. I have 40 years experience. Trucking specialist.

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Question

What is the percentage of the deduction amount for medical expenses as compared to gross income?

Answer

Your medical, dental and vision expenses are reduced by 7.5% of your Adjusted Gross Income before actually being deductible. Schedule A will do the formula for you.

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