Medical Income Tax Deductions

Medical Income Tax Deductions

Medical Income Tax Deductions

Is private-pay in-home care for the elderly deductible?

It isn't personal care; just companionship.

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Income Tax Deduction of Lap-Band Surgery

Surgery Income Tax Deduction

Surgery Income Tax Deduction

Is lap-band surgery deductible as a itemized medical deduction allowed? Full cost of surgery was paid by myself including cost of air fair to get to place of surgery.

Payment was made by wire transfer to an account in California and surgery was performed just over the border in Mexico.. does that matter?

I am obese, have heart problems, and diabetic and it was to help myself since my insurance would not help me with any of the cost.

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Apr 03, 2011
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starstarstarstarstar 		Sugery Tax Deductible
by: Anonymous

Your Lap-Band surgery even though it was done in Mexico should be tax deductible once your expenses reach 7.5% of your income. Just be sure to have all your receipts.

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Health Care Premium Income Tax Deduction

by Fred
(Dallas)

Health Care Income Tax Deduction

Health Care Income Tax Deduction

We started a small business when we retired and receive 1099 forms.

Our pension plan pays for half our health care benefits. May we deduct the other half we pay?

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Dental Income Tax Deductions

Dental Income Tax Deductions

Dental Income Tax Deductions

Are dental payments deductible?

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Jun 07, 2018
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starstarstarstarstar 		Deductible Dental Expenses
by: Stephanie

Dental payments are deductible as a Schedule A itemized deduction on your personal income tax return subject to a 7.5% limitation based on income.

What this means is that you can add all your dental payments along with health insurance and copayments together and deduct any amount that totals over 7.5% of your income.

Example:

Income = 20,000.00
20,000 x .075 = 1500.00
Total health payments = 2000.00
You can deduct 500.00 (2000 - 1500) in health deductions on your tax return.

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Medical Expense Income Tax Deduction

Medical Expense Deduction

Medical Expense Deduction

How much per km for medical travel in nb and how much per meal per person for medical travel?

Thank you

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Jun 05, 2018
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starstarstarstarstar 		Tax Deduction for Medical Expenses
by: Stephanie

The travel and meal allowances are different depending upon where you are located. For more information regarding per diem rates and deductible unreimbursed business expenses see Publication 529 and Publication 1542 on the www.irs.gov website.

Thank you for your income tax deductions question about medical expenses.

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Dental Work Income Tax Deductible

Dental Work Income Tax Deductible

Dental Work Income Tax Deductible

Are dental bills deductible for married filing jointly on federal returns?

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Jun 06, 2018
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starstarstarstarstar 		Tax Deductible Dental
by: Stephanie

Thank you for your question regarding whether or not dental work is deductible.

Dental work is deductible for filing jointly on federal returns as an itemized deduction on Schedule C but is limited based on your adjusted gross income.

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Medical Income Tax Deduction Expense

Medical Income Tax Deduction

Medical Income Tax Deduction

If medical expense is paid with a credit card does it have to be paid off before 1-1-10 in order to claim it for 2010 deduction?

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Elderly Health Care Income Tax Deductions

by Ana
(Florence, SC)

Elderly Health Care Deduction

Elderly Health Care Deduction

Can you deduct health care expenses for an elderly parent (home health care CNA, or Day Care for Adults) if you pay out of pocket?

Medicare does not cover it yet and my Elderly parent is a full time dependent.

Her only income is benefits from being a widow.

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Jun 05, 2018
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starstarstarstarstar 		Income Tax Deduction for Home Health Care
by: Stephanie

Thank you for your question about whether or not you can deduct health care expenses for an elderly parent.

Typically, you are able to deduct the amount of in home medical care expenses you spend for your dependent parent on your tax return as an itemized deduction.

You would only be able to deduct the amount this above the normal 7.5% to 10% of your adjusted gross income.

It also should be considered a medical requirement and the recipient should receive a 1099 from you for the amount paid.

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Mediclaim Policy Income Tax Deduction

by Rakesh
(Chandigarh)

Mediclaim Income Tax Deduction

Mediclaim Income Tax Deduction

Our employer extends the facility of Mediclaim Policy for retired employee. 80% premium is paid by retiree and balance by the employer. Employee pay the premium to employer and further on behalf of retiree pay the premium to insurance company.

My question is whether retiree can claim deduction on this account?. However, the employer did not issue any receipt for the amount paid by retiree only common receipt is prepared by the employer.

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