Yes yo can; Folks also don’t realize that they need an extraordinary amount of medical expenses before seeing any deduction whatsoever. That is because once you add up all of your medical expenses, you must subtract 10% of your AGI (for 2012 UNLESS you are older than 65 YO)from the total and the remainder is what you are allowed to write off. For example, your medical expenses total $7K and your adjusted gross income is $50K. The calculation of 10% of AGI in this example yields $5K, subtracted from your total medical costs of $7K gives you a deduction of only $2K. |