Medical Expense Deduction Calculator – Instantly Know What You Can Claim

Want to lower your tax bill using medical expenses? Use our Medical Expense Deduction Calculator to find out how much of your health-related costs are eligible for tax deductions under current tax laws.

This tool helps individuals and families estimate their potential deduction quickly and accurately.

📌 What is a Medical Expense Deduction?

A medical expense deduction allows you to deduct certain unreimbursed medical and dental costs from your taxable income — if they exceed a specific percentage of your adjusted gross income (AGI).

In most cases:

Only the portion of medical expenses that exceeds 7.5% of your AGI is deductible (as per IRS guidelines for U.S. taxpayers).

🧠 How to Calculate Medical Expense Deduction

✅ Formula:

Deductible Amount = Total Qualified Medical Expenses – (7.5% × AGI)

📘 Example:

• Adjusted Gross Income (AGI): ₹6,00,000
• 7.5% of AGI = ₹45,000
• Total Medical Expenses: ₹80,000
• Deductible = ₹80,000 – ₹45,000 = ₹35,000

This means ₹35,000 is potentially tax-deductible.

🛠️ Use Our Free Medical Expense Deduction Calculator

No complex math — just enter your basic income and expense details and the calculator handles the rest.

You’ll Need To Enter:

• Adjusted Gross Income (AGI)
• Total Qualified Medical Expenses
• Filing Status (Individual / Family) (optional)

💊 What Counts as Qualified Medical Expenses?

According to IRS rules (Publication 502), deductible medical expenses may include:

• Doctor and hospital fees
• Prescription medications
• Dental and vision care
• Health insurance premiums (in certain cases)
• Medical equipment and devices
• Long-term care expenses

🛑 Non-qualified expenses include: cosmetic procedures, non-prescribed drugs, gym memberships, or general wellness items.

📖 FAQs – Medical Expense Deductions

❓ Can I deduct medical expenses without itemizing?

No. To claim medical expense deductions, you must itemize deductions on your tax return.

❓ Are insurance premiums deductible?

It depends. Self-employed individuals can deduct premiums, and retirees may claim premiums under specific plans.

❓ What is the AGI threshold for medical expense deductions?

For most taxpayers, expenses must exceed 7.5% of AGI to qualify.

❓ Can I include my family’s medical expenses?

Yes. You can include expenses for your spouse, dependents, or qualifying relatives, even if they don’t live with you.

✅ Final Thoughts

Our Medical Expense Deduction Calculator helps you make the most of your eligible health-related costs. Maximize your tax savings and understand how medical bills can work in your favor — legally and efficiently.