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As the year comes to an end, there’s a lot you can do now to maximize your taxes, including getting in last minute tax-deductible medical expenses. Need to order new glasses or teeth get your teeth cleaned? See if you can squeeze them in before New Year’s Day.
If you plan to itemize your deductions, the IRS has a document that lists which medical and dental expenses do and don’t qualify. Some common ones include:
- Birth control pills
- Breast pumps and supplies
- Medical equipment installation or home improvements you’ve paid for that aid in medical care for you, your spouse, or your dependents
- Eye exams, eyeglasses, and contacts
- Weight-loss programs prescribed by a doctor as treatment for a specific disease (this doesn’t include gym, spa, health club dues, or special food)
- Dental treatments that prevent (like teeth cleanings) or alleviate (like fillings) dental disease
- Therapy, as long as it is part of medical treatment
- Smoking cessation programs (but not supplies, so items like nicotine gum or patches aren’t included)
- Wheelchairs
These are only a few of many tax-deductible expenses, so check out the full list to see if anything you purchased this year qualifies, or make a last minute appointment or stop at the pharmacy. Even if you have no qualifying expenses this year, you’ll know which upcoming purchases you can deduct in the future.
Publication 501, Medical and Dental Expenses | IRS
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