Back to today’s briefing

Story perspectives

Maximize Tax Savings: Deduct Medical Expenses Wisely

7/31/2025

38 5

Summary

Story summary

If you itemize deductions and your medical expenses surpass 7.5% of your adjusted gross income, you can reduce your tax burden by deducting eligible health insurance premiums. While many choose the standard deduction of $14,600 for single filers, don’t overlook the potential savings from premiums, deductibles, and specific medical services.

1 of 1

Story summary

If you itemize deductions and your medical expenses surpass 7.5% of your adjusted gross income, you can reduce your tax burden by deducting eligible health insurance premiums. While many choose the standard deduction of $14,600 for single filers, don’t overlook the potential savings from premiums, deductibles, and specific medical services.