Medical and Dental Expenses
Deductible medical and dental expenses are reported and calculated on lines 1 through 4 of Schedule A.
Qualified medical and dental expenses are expenses the taxpayer paid during the tax year for the taxpayer, spouse, and dependents.
Deductible taxes are reported on lines 5 through 9 of Schedule A. Taxpayers can deduct the following:
Deductible interest is reported on lines 10 through 15 of Schedule A.
Generally, the taxpayer receives Form 1098, Mortgage Interest Statement, which shows the deductible amount of interest paid by the taxpayer. To be deductible, the interest must have been paid by the taxpayer during the tax year. Only taxpayers who are legally liable for the debt can deduct the interest. Taxpayers can treat qualified mortgage insurance premiums paid or accrued during the tax year as home mortgage interest.
Only points paid as a form of interest (for the use of money) can be deducted on Schedule A. Generally, points must be spread over the life of the mortgage. However, if the loan is used to buy or build a taxpayer's main home, the taxpayer may be able to deduct the entire amount in the year paid.
Points paid to refinance a mortgage are generally not deductible in full the year the taxpayer paid them, unless the points were paid in connection with the improvement of a main home and certain conditions were met.