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Reimbursed Medical Expenses:Some Clarifications

Reimbursed Medical Expenses: Some Clarifications:

Many taxpayers have confusion for taking medical expense deduction on their tax return. Here are some clarifications with emphasis on medical expenses which are reimbursed.

Medical expenses that are reimbursed by insurance, Medicare, Archer MSAs, health savings accounts (HSAs), or other sources are not deductible. Reduce total medical expenses paid by total reimbursements received during the year. Reimbursements for medical expenses are generally not included in income, and the expense that is reimbursed is not deducted from income. However, any medical expenses that exceed the reimbursements are deductible, and any reimbursements that exceed medical expenses are taxable to the extent the reimbursement was provided to the taxpayer on a pre-tax basis.