With a severe increase in the unemployment rates, large numbers of people have to cover their medical bills and insurance premiums from their own pockets. Health costs have even increased for people with medical coverage. However, the good news is that the medical deductions will now cover a wide range of expenses. You will be able to deduct expenses on physical therapy and acupuncture, contact lens solution, home health care, medical travel, etc.

In order to make the medical expenses tax deductible, it must be paid with "after-tax, out-of-pocket dollars". Thus, the medical deductions will be a boon for those who have lost their jobs due to present crisis in the market.