In order for your medical expenses to have any impact on your taxes, you must first spend a certain amount. If you and make over $75,600 then any amount you spend over $2268 in a year will be considered your eligible medical expenses. If you make under $75600 then you would take 3% of your net income (the amount you make in a year after taxes) and any amount you spend in medical expenses over the 3% would be considered your eligible medical expenses. Your eligible medical expenses are then multiplied by 15% and that is the credit that will be applied to your taxes.
Total Medical Expenses – 3% of net Income (or $2268) = Eligible Medical
Eligible Medical * 0.15= Credit Applied (Non-Refundable)