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View Poll Results: Retirees: Ever had an itemized deduction for medical?
Yes, in at least one tax year so far, I had enough medcial costs to itemize. 24 55.81%
No, not yet. 19 44.19%
Voters: 43. You may not vote on this poll

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Old 02-28-2015, 06:03 PM
 
Location: Los Angeles area
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Just wondering. Lots of seniors talk about the increasing cost of medical/dental care with increasing age. Finally for the first time on my 2014 taxes, I had enough medical/dental care to get an itemized deduction out of it (age 70). It was spending $6,200 on hearing aids that put me over the top.
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Old 02-28-2015, 08:17 PM
Status: "0-0-2 Game On!" (set 5 days ago)
 
Location: The beautiful Rogue Valley, Oregon
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Since we are retired but not old enough for Medicare, we have an ACA-compliant silver policy we pay full freight on, currently running about $900 a month. Last year I had 2 major eye surgeries and my portion of the bill was about $8,000 for the two.
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Old 02-28-2015, 08:19 PM
 
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Not a goal of mine. I am thankful to NOT have enough expenses to claim. But I get your poll.
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Old 03-01-2015, 12:25 AM
 
Location: San Francisco
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I retired at 60 and had to buy my own health insurance until I qualified for Medicare in 2013. It was insanely expensive, starting in the $600s and rising to $1300 a month by the time I hit 65. And this was for one person! So yes, DH and I qualified for medical deductions during those years. The following year's taxes came as a shock because we'd gotten used to big refunds, and suddenly we had to pay.
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Old 03-01-2015, 01:42 AM
 
71,706 posts, read 71,829,507 times
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Quote:
Originally Posted by Escort Rider View Post
Just wondering. Lots of seniors talk about the increasing cost of medical/dental care with increasing age. Finally for the first time on my 2014 taxes, I had enough medical/dental care to get an itemized deduction out of it (age 70). It was spending $6,200 on hearing aids that put me over the top.
18k for dental for marilyn and i last year. 7 years ago 25k in dental for me alone as i needed to have the lower jaw done with implants.
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Old 03-01-2015, 05:48 AM
 
Location: Nebraska
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I also buy my own private medical and dental insurance so it's pretty easy for us to go over the minimum for the last 2 years.
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Old 03-01-2015, 07:31 AM
 
Location: Prescott AZ
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Every year. It's no secret I have many specialists and spend too much time in their offices.
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Old 03-01-2015, 07:51 AM
 
Location: Los Angeles area
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Quote:
Originally Posted by Emptynester1 View Post
Not a goal of mine. I am thankful to NOT have enough expenses to claim. But I get your poll.
It wasn't a goal of mine either, I can assure you. One is always better off financially NOT having enough expenses to make the cut.
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Old 03-01-2015, 08:24 AM
 
685 posts, read 565,170 times
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Quote:
Originally Posted by Escort Rider View Post
Just wondering. Lots of seniors talk about the increasing cost of medical/dental care with increasing age. Finally for the first time on my 2014 taxes, I had enough medical/dental care to get an itemized deduction out of it (age 70). It was spending $6,200 on hearing aids that put me over the top.
I was shown I needed some teeth capped/crowns @3 years ago. I replaced them over the three years. I also did have major surgery a couple years ago in a different state. Going there for checkups required me to stay the night and I did this for over a year (spanned two). So, yes, itemization had to be done.
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Old 03-01-2015, 08:49 AM
 
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Yep, like some others who've replied, we're not yet eligible for Medicare and pay $12K annually for health insurance premiums. In 2014, DH also had gum surgery to the tune of $8500. So far in 2015, we've already reached our out-of-pocket maximum. Oy!
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