Perscription deduction

[ambellamy]

I was reading online that I can deduct my Birth control pills that my doctor puts me on to help me from getting sick *(wacky hormones).

I paid for these with my credit card, but I didn't save the actual receipts I got from the doctors because I didn't know they were tax deductible. Can I deduct them because I have the credit card statement to verify that way?

[❤ mollymouser ❤]

IRS Publication on deducting medical expenses ... www.irs.gov/publications/p502/ar02.html

You can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI(Form 1040, line 38).

[mwcpa]

it is best to have the doctors/pharmacies provide you a detail of the bills you paid for (I have a client that comes in every year with an annual print out of his scrips.. he has hundreds...) .... just because your Visa or Amex statement says you went to CVS or paid your local doctor a fee does not make it a tax deduciton.... CVS sells cookies, soda, etc... your medical services may be cosmetic and not deductible... keep the bills in the future...

[taxref]

As MWCPA stated above, your pharmacist will be able to give you a printout of your 2010 prescriptions. You can keep that with your tax records in the event your deduction is questioned.

I would add that prescriptions purchased with a credt card are deductible in the year purchased, even if the credit card is paid in a future year.