Medical deductions on taxes

[forjpj]

Here is the link for medical tax deductions which I'm sure a lot of us could use. My link

 

Interesting...you can include in deductions fees for medical conferences including food and travel. So for those of you who went to the ocd conference or the texas a&m conference that is great news...wish I'd known that last year.

Also, I didn't realize you can actually deduct the insurance premiums...but this is not my thing at all, so I'm probably just the last to know.

 

Happy Filing!!

[peglem]

Here is the link for medical tax deductions which I'm sure a lot of us could use. My link

 

Interesting...you can include in deductions fees for medical conferences including food and travel. So for those of you who went to the ocd conference or the texas a&m conference that is great news...wish I'd known that last year.

Also, I didn't realize you can actually deduct the insurance premiums...but this is not my thing at all, so I'm probably just the last to know.

 

Happy Filing!!

I think you can't deduct insurance premiums that were taken out of your payroll pre-tax, which a lot of businesses do.

[MomWithOCDSon]

Thanks, forjpj!

 

Yeah, I wish I'd known that about the OCD conference a couple of years ago, myself! Since this year's is much closer to home for us, we'll be attending again, so I'll be sure to keep track of receipts this time!

[forjpj]

Thanks Peglem...got to double check all that...I also want to check on the long term care insurance premiums.

 

Just reviewing it some more...it ISN'T meals and lodging, but it IS transportation and admission to conferences.

 

But there are deductions for meals, lodging, transportation (including trains, taxis, etc.) on hospital stays.

 

Wish I'd kept receipts too...I've been working the commuter train, metro, and taxis in D.C. for the past six months going to Georgetown. Going to be digging out credit card records for the next three months.

[tpotter]

Thanks Peglem...got to double check all that...I also want to check on the long term care insurance premiums.

 

Just reviewing it some more...it ISN'T meals and lodging, but it IS transportation and admission to conferences.

 

But there are deductions for meals, lodging, transportation (including trains, taxis, etc.) on hospital stays.

 

Wish I'd kept receipts too...I've been working the commuter train, metro, and taxis in D.C. for the past six months going to Georgetown. Going to be digging out credit card records for the next three months.

 

 

Keep in mind that the entire amount is not tax deductible (unless things have changed from last year.) You have to have spent more than 7% of your total income, and then only the amount over that 7% is deductible. So, if you make $100,000, you can't deduct the first $7,000 of your medical expenses. But, it certainly takes a nice chunk out for many of us, anyway.

[beeskneesmommy]

If you private pay insurance, you can deduct your monthly premiums. If your company pays and you takes your premium out of the paycheck, you cannot. HOWEVER, make sure that you present your milage for doc visits. You should add up everything, including any visits round trip to the dentist, ped, any other doc as well as trips out of state to your PANDAS specialist. We generally drive thousands of miles per year going from NC to Philly to CT, etc., and all of it is deductable. Don't forget your co-pay for meds, services, etc. Ick. big job ahead, but hopefully it will pay off!