Tax preparation season continues and one of the often overlooked areas for deductions is the medical expense deduction for seniors. How To Utilize Medical Expense Deduction Taxpayers must itemize to utilize the medical expense deduction. Deductions are itemized on Schedule A of your 1040 form and specific rules by the Internal Revenue Service applies to determine the eligibility of the expense and the threshold calculations. I. R. S. Publication 502 details the current deductible … [Read more...] about Medical Expense Deduction For Seniors