ItsDeductible

ItsDeductible

ItsDeductible is a free online tool that helps users track healthcare expenses and estimate tax deductions. It allows users to organize medical bills, insurance claims, and expenses so they can maximize medical expense deductions at tax time.
ItsDeductible screenshot

ItsDeductible: Free Healthcare Expense Tracker

Discover a free online tool that helps you track healthcare expenses, estimate tax deductions, and maximize your medical expense claims with ItsDeductible.

What is 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:

  • Secure cloud storage for scanning, uploading, or entering medical expense data
  • Auto-categorization of common expenses for easier tracking
  • Estimated tax savings and deduction amounts for medical expenses
  • Ability to export medical expense data and estimated deductions for tax preparation
  • Free mobile apps for tracking expenses on the go
  • HIPAA compliant platform to protect sensitive healthcare data

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.

ItsDeductible Features

Features

  1. Tracks healthcare expenses
  2. Estimates tax deductions
  3. Organizes medical bills and insurance claims
  4. Helps maximize medical expense deductions

Pricing

  • Free

Pros

Free to use

Simplifies tax preparation process

Provides personalized deduction estimates

Accessible online

Cons

Limited to medical expense deductions

May not cover all tax scenarios

Requires manual data entry

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