Medical Expense Deductions
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Question: Medical expenses tax deduction?
Do I claim the actual out of pocket expenses or the actual debt accrued? We have medical expenses from last year that we are currently making payments to the hospital on. Does anyone know what total I put for medical expenses? Would it be the amount paid so far or the total amount for the services?
Answer: You can only deduct what you actually paid on the hospital bills, during the tax year.
Publication 502
http://www.irs.gov/publications/p502/index.html
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Medical Expense Deductions