kate_t_b
New Member

I entered my medical expenses, and claimed them on this tax return. I have surpassed the minimum threshold amount, and yet my taxable income is unchanged. Why?

 

Credits and deductions

Medical expenses are not deducted until Line 33099, so Line 26000 Taxable income is not changed when you add medical expenses.

 

kate_t_b
New Member

Credits and deductions

Ok thank you. I think I asked my question incorrectly, because what I'm really trying to understand is why do I still owe the exact same amount of money on my return? I entered over $1k of expenses.

Credits and deductions

Are the medical expenses 3% of your net income (line 23600) or $2,759 (for tax year 2024)?

 

For more information refer to the TurboTax article "How to Deduct Your Medical Expenses - TurboTax Canada

 

kate_t_b
New Member

Credits and deductions

Yes regarding the 3%, in fact it is closer to 10% of my net income on line 23600, but it is less than $2,759... so to clarify: It's 3% or $2,759 (whichever number is less), correct?