Same as with the business mileage deduction, you can choose mileage deduction or car expenses. What medical tax deduction is more profitable for you? In 2019 the IRS rate per mile was $0.20 and in 2020 the rate dropped to $0.17. What is the IRS medical mileage deduction rate? MILO can help you with all of the above using our mileage tracking and expense log features. The costs of operating your vehicle for health care Visits of a mentally ill dependent - If the visits are advised as part of the treatmentĮxpenses of a nurse or other person who treats someone traveling and unable to travel alone Public transportation fees - Bus, train, taxi, plane fares or ambulance services Transportation of a parent who must go with a child The IRS allows you to include transportation costs that are primarily for and essential to medical care, such as: The list of eligible medical expenses is very long and you can find it on the IRS website, but here we talk transportation, so let’s dive into it :) Transportation medical expenses Medical expenses can include yourself as well as the costs for a spouse or your dependent. For example, if you're a federal employee participating in the premium conversion plan of the Federal Employee Health Benefits (FEHB) program, you may not include the premiums paid for the policy as a medical expense. Employer-sponsored premiums paid under a premium conversion plan, cafeteria plan, or any other medical and dental expenses paid by the plan aren't deductible unless the premiums are included in box 1 of your Form W-2, Wage, and Tax Statement PDF. However, if you're an employee, don't include in medical expenses the portion of your premiums treated as paid by your employer. Payments for insurance premiums you paid for policies that cover medical care or for a qualified long-term care insurance policy covering qualified long-term care services. Payments for transportation primarily for and essential to medical care that qualify as medical expenses, such as payments of the actual fare for a taxi, bus, train, ambulance, or for transportation by personal car the amount of your actual out-of-pocket expenses such as for gas and oil or the amount of the standard mileage rate for medical expenses, plus the cost of tolls and parking. Payments for false teeth, reading or prescription eyeglasses, contact lenses, hearing aids, crutches, wheelchairs, and for a guide dog or other service animal to assist a visually impaired or hearing disabled person, or a person with other physical disabilities. However, you may not deduct the costs for meals and lodging while attending the medical conference. Payments made for admission and transportation to a medical conference relating to a chronic illness of you, your spouse, or your dependent (if the costs are primarily for and essential to necessary medical care). Payments for insulin and for drugs that require a prescription for its use by an individual. Payments to participate in a weight-loss program for a specific disease or diseases diagnosed by a physician, including obesity, but not ordinarily payments for diet food items or the payment of health club dues. Payments for acupuncture treatments or inpatient treatment at a center for alcohol or drug addiction or for participation in a smoking-cessation program and for drugs to alleviate nicotine withdrawal that requires a prescription. If the availability of medical care isn't the principal reason for residence in the nursing home, the deduction is limited to that part of the cost that's for medical care. Payments for inpatient hospital care or residential nursing home care, if the availability of medical care is the principal reason for being in the nursing home, including the cost of meals and lodging charged by the hospital or nursing home. Payments of fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, and nontraditional medical practitioners. What counts as a medical expense according to the IRS? In this article, we will cover the use of mileage tracking for medical purposes. When talking about mileage tracking for a tax deduction, the first thing that comes to mind is business use, though there are additional use cases where mileage tracking can come in handy.
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