We had $32,454 in out of pocket medical expenses in 2024. Unable to deduct this from our taxes Quick background – We went through a round of IVF. None of this is covered by insurance. We have receipts for all the expenses. I am filing taxes via FreeTaxUSA. When I fill in the medical expenses section in FreeTaxUSA, I entered the said amount as you can see here – https://ibb.co/hxtc8WT8 Here is the summary of deductions – https://ibb.co…

It already makes sense for me to itemize. Should I deduct medical expenses now, or keep them for HSA access? Edit: whoops, solved. “you can only deduct medical expenses over 7.5% of your adjusted gross income” Hey all, I had a handful of medical expenses in 2024. I was planning on saving the (digital) receipts and reimbursing myself from my HSA later, but I live in CA and CA taxes HSAs and it would be a hassle tax-wise to keep track of that. So my HSA …

Healthcare credits paid for insurance but new job made me unqualified – Can I deduct premiums? When I applied for 2023 healthcare coverage I was self employed with little income and qualified for healthcare.gov credits to pay my premiums of $5400 during 2023. I started a new self employed contractor job 5 months into the year that did not supply insurance benefits and my income from that job made me unqualified for the credits so now on m…