Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Medical bills can put a dent in your budget, but the silver lining is that you may be able to get a tax deduction in exchange for your expenses. "The deduction is actually a lot broader than many ...

You might be able to deduct qualified medical expenses that are more than 7.5% of your adjusted gross income. Some states offer lower thresholds. Many, or all, of the products featured on this page ...

Medical bills can be a huge burden even if you have a decent insurance plan in place. Thankfully, the IRS allows you to deduct medical expenses on your taxes. As long as you submit an itemized return, ...

Retirees may overlook valuable tax deductions that could lower their IRS bill. Learn eight commonly missed write-offs, ...

While it is common knowledge that taxpayers may deduct qualified medical expenses for themselves and their dependent children, other opportunities to deduct medical expenses are not so widely known.

Advice offered by Marc Hebert, president of The Harbor Group Inc., a certified financial planner. If you have any questions about finance or if you'd like to suggest a future topic, email ...

The cost of everyday essentials has grown rapidly, but these three medical expenses in particular are getting more expensive ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.

Most taxpayers when asked will say that medical expenses aren’t deductible any longer or that you need a major amount of medical expenses to deduct them. As a result, they don’t pay attention to their ...

Medical bills can be pricey, and for many Americans, figuring out how to reduce that cost in any way possible is a priority. One place health care patients may look for savings is on their taxes. In ...