What Medical Deductions do You Qualify For?

Are you overlooking medical deductions for which you qualify? Taxpayers who itemize can deduct non-reimbursed medical expenses that they paid during the year if these exceed 10% (7.5% if age 65 or older in 2014) of their adjusted gross income. Hearing aids, eyeglasses, contact lenses, hospital fees for nursing, most dental expenses, physical therapy, lab tests and x-rays are all deductible. Even some capital improvements with medical purposes can be claimed as medical expenses, such as constructing an entrance ramp.  If you have any questions, contact the great folks at Liberty Tax Service and they will help you.  They have locations in Cordele, Tifton and Albany.