Which tax deduction allows individuals to deduct certain unreimbursed medical expenses?

The Medical and Dental Expenses Deduction allows individuals to deduct certain unreimbursed medical expenses from their taxable income. This deduction is designed to provide relief to taxpayers who have to pay out-of-pocket medical costs that exceed a specified percentage of their adjusted gross income (AGI). Taxpayers can include a variety of expenses such as hospital bills, prescription medications, and other necessary medical treatments that have not been reimbursed by insurance.

This deduction is particularly beneficial for those facing high medical costs, as it can significantly reduce their taxable income, leading to a lower tax liability. Taxpayers should keep thorough records of their expenses to ensure they can accurately claim the deduction when filing their tax return.

Other options like the Charitable Contributions Deduction relate to donations to qualifying organizations, the Standard Deduction provides a flat amount that reduces taxable income without the need to itemize, and the Student Loan Interest Deduction applies to interest paid on qualified education loans, none of which pertain specifically to medical expenses.