Discover a free online tool that helps you track healthcare expenses, estimate tax deductions, and maximize your medical expense claims with ItsDeductible.
ItsDeductible is an online tool designed to help users track and organize medical and healthcare expenses for tax purposes. The software allows users to upload, scan, or manually enter details on medical bills, insurance claims, prescriptions, mileage for medical appointments, and other qualified healthcare expenses.
Users can categorize expenses, add receipts and documentation, and add notes for any tax-related details. ItsDeductible then calculates users' estimated medical expense tax deductions based on their expenses, insurance reimbursements, and the IRS guidelines and deduction limits for each tax year.
Some key features of ItsDeductible include:
ItsDeductible is offered for free by eHealth, Inc. and is integrated with other eHealth tax and insurance tools. However, it can be used as a standalone online tool for tracking and maximizing medical expense deductions as well.