Medical Deductions

Medical Deductions
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.

Medical deductions. When you’re looking at your medical deduction for 2019, it’s 10% of your adjusted gross income – up from 7.5 in 2017 and 2018. Besides that, keep in mind that eyeglasses, chiropractor, braces, all these things could add up. Now, I would suggest if you have the choice, my opinion, HSA – health savings account, is a much better way of actually using your health dollars because we don’t have to worry about itemizing. We get to spend the money pre-tax. But I’m not an insurance person, so make sure that you’re taking every tax deduction that you have.

You got questions, you can go to my website, www.drfriday.com.

Announcer 0:52
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