are medical insurance expenses tax deductible
6 Medical Deductions You Can Deduct Without Itemizing Deducting medical expenses can be difficult, because of the required AGI floor of 7.5%. But there are some medical expenses that are deductible even if you donât qualify for deducting medical expenses as an itemized deduction. Deducting these expenses lowers your taxable income, cutting your taxes. Your filing status and number of dependents donât affect these deductions.