premiums was in excess of $900.00 and didn't lower tax owing at all Why? can this be carried over to 2017 and then claim approx. $1800.00
Your net incomeānot your total gross incomeāaffects the amount of medical expenses you can claim as a deduction.
You can claim the amount of medical expenses that are over and above 3% of your net income, up to $2,237*, whichever is less.
Hereās an example:
If your total medical expenses are less than 3% of your net income, they cannot be claimed as a deduction. In addition, remember that only expenses, or portions of expenses, that have not been reimbursed to you can be included as a medical expense for income tax purposes.
Your net incomeānot your total gross incomeāaffects the amount of medical expenses you can claim as a deduction.
You can claim the amount of medical expenses that are over and above 3% of your net income, up to $2,237*, whichever is less.
Hereās an example:
If your total medical expenses are less than 3% of your net income, they cannot be claimed as a deduction. In addition, remember that only expenses, or portions of expenses, that have not been reimbursed to you can be included as a medical expense for income tax purposes.
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