Individual taxpayers are allowed to deduct unreimbursed medical and dental expenses paid during the year for themselves, their spouse, and dependents.

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This statement is true. Taxpayers can only deduct medical and dental expenses that exceed 7.5% of their adjusted gross income (AGI) for tax year 2020, but this threshold will increase to 10% for tax year 2021 and beyond. It's important to note that expenses that are reimbursed by insurance or other sources cannot be deducted.

Individual Taxpayers Are Allowed to Deduct Unreimbursed Medical and Dental