(いりょうひ)(こうじょ)

いりょうひこうじょ
noun
medical expense deduction (tax)
formalfinancehealthpolitics
1. medical expense deduction (Japanese income tax)
An income tax deduction that allows Japanese taxpayers to deduct qualifying medical expenses above a certain threshold (generally ¥100,000 per year) from their taxable income. Claimed by filing a final tax return (確定申告(かくていしんこく)).
医療費(いりょうひ)控除(こうじょ)申請(しんせい)する
To apply for the medical expense deduction.
医療費(いりょうひ)控除(こうじょ)ため領収書(りょうしゅうしょ)保管(ほかん)している
I'm keeping the receipts for the medical expense deduction.
一年間(いちねんかん)医療費(いりょうひ)十万円(じゅうまんえん)()えれば医療費(いりょうひ)控除(こうじょ)()けられる
If your annual medical expenses exceed 100,000 yen, you can receive the medical expense deduction.
When filing your tax return, don't forget to claim the medical expense deduction.

Composed of 医療費(いりょうひ) (medical expenses) + 控除(こうじょ) (deduction, subtraction). A specific category of 所得控除(しょとくこうじょ) (income deduction) in the Japanese tax system. Generally, the portion of household medical expenses exceeding ¥100,000 per year (or 5% of total income, whichever is lower) can be deducted from taxable income.

Common collocations

Related words

Usage

Eligible expenses include doctor visits, prescription medication, hospital stays, dental care, and certain transportation costs to medical appointments. The claim is made annually by filing a tax return with a summary of the year's medical expenses.