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I have an accountant/tax question...
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I have an accountant/tax question...
I know that if you have a certain $ amt. of medical bills in any given year, you can claim it on your taxes. Does anyone know what the $$ is?? or have any other info about this?
TIA
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Posted 11/10/08 3:04 PM  |
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Long Island Weddings
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: I have an accountant/tax question...
Posted by Scotty-CassidysMom
I know that if you have a certain $ amt. of medical bills in any given year, you can claim it on your taxes. Does anyone know what the $$ is?? or have any other info about this?
TIA
its anything over 2% of your Adjusted Gross income.
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| Posted 11/10/08 3:06 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: I have an accountant/tax question...
Posted by Scotty-CassidysMom
I know that if you have a certain $ amt. of medical bills in any given year, you can claim it on your taxes. Does anyone know what the $$ is?? or have any other info about this?
TIA
Medical expenses can be written off if you itemize and they exceed 7.5% of adjusted gross income; 10% if you are subject to AMT.
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| Posted 11/10/08 3:13 PM |
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