There are a number of tax deductions for medical expenses that families with ADHD can take advantage of when completing their taxes. Some of these are not often used and even some tax preparers may not be familiar with the eligibility requirements or all of the deductions. Before signing off on your tax form, make sure you have taken all of the deductions you are entitled to.
Medical and dental expenses and health care expenses can be deducted when they reach over 7.5 percent of your gross annual income. Only the expenses over the 7.5 percent will reduce your tax liability. Health care expenses should be calculated for yourself and all eligible dependents, including your spouse. If you and your spouse file separate returns, you can each claim the expenses each of you actually paid.
There are many health and dental expenses allowed under this deduction; however, I have listed those that may be related to having a diagnosis of ADHD. You can review all of the eligible deductions in the IRS booklet: Medical and Dental Expenses.
· Expenses for inpatient treatment in a therapeutic treatment center for alcohol addiction.
· Transportation to and from Alcoholics Anonymous meetings if attendance is per medical advice that attending meetings is a necessary part of treatment for a disease that resulted in excessive alcohol use.
Disabled Dependent Care Expenses
If your dependent is considered to be disabled, you may be able to qualify for work-related expenses for purposes of taking a credit for dependent care. You cannot, however, claim these expenses as both a credit and a medical expense deduction. You must choose which way would be best for you.
Drug Addiction (Because there is a higher than normal incident rate of substance abuse in adults with ADHD, I have included this category)
You can claim inpatient treatment in a therapeutic treatment center for drug addictions.
You can claim treatment received at a health institute if your physician prescribes the care and writes a statement indicating the treatment is necessary to alleviate a physical or mental illness.
You can include inpatient care if you are in the hospital with the main reason of receiving health care.
The premiums you pay for policies that cover medical care. The following insurance policy premiums are considered eligible:
· Medical insurance
· Hospitalization insurance, including insurance for surgical services and x-rays
· Prescription drug insurance
· Dental insurance