Finance Tools
Medical Expense Tax Deduction Calculator
Estimate how much of your medical expenses may be tax-deductible based on your AGI and the deduction threshold percentage.
Medical Expense Tax Deduction Calculator
Estimate how much of your medical expenses may be tax-deductible based on your AGI and a threshold percentage (often 7.5%).
Note: Tax rules vary. This tool provides an estimate for planning and comparison purposes.
How to use this medical expense tax deduction calculator
- Enter your adjusted gross income (AGI).
- Enter your qualified medical expenses for the year.
- Enter the threshold percentage (often 7.5%).
- Calculate the deductible portion above the threshold.
- See the estimated medical expense deduction.
Example
If your AGI is $80,000, qualified medical expenses are $10,000, and threshold is 7.5%:
- Threshold amount = $80,000 × 7.5% = $6,000
- Deductible medical expenses = $10,000 − $6,000 = $4,000
- Estimated deduction = $4,000
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