Prescription Drugs
Menu Path: Deductions/Credits > Itemized Deductions > Medical Expenses
Prescription drugs can be deducted on Schedule A as a medical expense. These expenses are entered on the Deductible Medical Expenses screen. However, in most cases, medical expenses are typically not enough to qualify for a deduction since your deductions need to be itemized, and your medical expenses need to be more than 7.50% of your income. (See Medical Expenses)
Prescription drugs can be deducted on Schedule A as a medical expense. These expenses are entered on the Deductible Medical Expenses screen. However, in most cases, medical expenses are typically not enough to qualify for a deduction since your deductions need to be itemized, and your medical expenses need to be more than 7.50% of your income. (See Medical Expenses)
