US Medical Expense Tax Benefit Optimization Simulator

Find the optimal medical expense deduction strategy for your situation.

Step 1: Enter Your Basic Information

Filing Status Single Married Filing Jointly

Age (as of end of tax year)

Adjusted Gross Income (AGI, $)

Step 2: Explore Tax-Saving Strategies

Itemized Medical Expense Deduction Simulator

Itemizing has two high hurdles: the 7.5% AGI floor and the standard deduction. See if your expenses clear these thresholds.

Total Medical Expenses Paid with After-Tax Dollars ($)

Long-Term Care (LTC) Insurance Premiums ($) ⓘ Deduction is limited by age. Current max deduction based on your age: $0

Other Itemized Deductions ($)

HSA vs. FSA Comparison Analyzer

Both accounts are powerful tax-saving tools, but they have different features and benefits. Compare the tax effects of each.

Health Savings Account (HSA)

The ultimate account, ideal for long-term investment and retirement, available only to those with a High-Deductible Health Plan (HDHP).

Annual HSA Contribution ($)

Estimated Income Tax Savings:

Flexible Spending Account (FSA)

An employer-offered, 'use-it-or-lose-it' account useful for predictable, short-term medical expenses.

Annual FSA Contribution ($)

Estimated Tax Savings:

(Includes both Income and FICA tax savings)

Self-Employed Health Insurance Deduction

Even if you take the standard deduction, self-employed individuals can deduct 100% of their health insurance premiums. This is a powerful benefit that directly lowers your AGI.

Annual Health/Dental Insurance Premiums Paid ($)

Estimated Tax Savings From This Deduction

$0

※ This deduction lowers your AGI, increasing your eligibility for other tax benefits.

Disclaimer: This simulator is for educational and informational purposes only and cannot replace professional tax advice. Please consult with a qualified tax professional for your actual tax reporting.