Can You Deduct Mileage for Medical Trips?
Yes; you can deduct the out-of-pocket (i.e., unreimbursed) expenses paid for heath insurance premiums, and other medical care costs, on your Oregon tax return . . . subject to several restrictions. This requires further explanation.
Is there a mileage deductible for medical treatment?
Instead, you may deduct 20 cents per mile you drive for medical treatment in 2019. For example, if you use the standard medical rate and drive 1,000 miles for medical treatment in 2019, you’d get a $200 deduction to add to all your other deductible medical expenses for the year. You can also deduct your parking fees and tolls.
Can you deduct health insurance premiums in Oregon?
Yes, you are able to deduct medical expenses if you or your spouse turned age 65 by the end of 2020. These would be reported on OR-ASC. Oregon has a special medical subtraction. Special Oregon medical subtraction. For tax year 2020, you or your spouse must be age 65 or older on December 31, 2020 to qualify for the subtraction.
How big of medical expenses can I deduct on my taxes?
But you can’t take them all: As of tax year 2020, you can only deduct out-of-pocket expenses that total more than 7.5% of your adjusted gross income (AGI). If you’ve incurred large medical expenses in the past year that were not covered by insurance, you may be able to claim them as deductions on your tax return.
