Swimming Pools as Tax Deductions? How Large Medical Expenses Can Qualify | Your Money Briefing | WSJ

Many large-scale medical expenses like breast pumps, guide dogs, and contact lenses can be used as tax deductions, though many Americans aren’t familiar with this method of reducing their tax bill.

WSJ tax reporter Laura Saunders joins host J.R. Whalen to discuss which types of expenses are eligible.

Photo: Douglas R. Clifford/Zuma Press

0:00 How medical expenses can be used on your tax return
0:46 How a swimming pool or elevator can be tax deductible
2:07 Other unique medical items that qualify for deductions
3:13 Can you deduct the entire cost of these medical expenses?
5:00 What sort of medical expenses aren’t allowed to be deducted?

Your Money Briefing
WSJ’s personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

For more episodes of WSJ’s Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing

#MedicalExpense #Tax #WSJ

Keith Jacobs

Keith Jacobs

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