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KittyCat
Happy Summer !
Member since 5/05 2241 total posts
Name:
Kathleen
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Tax question..can you claim medical ?
can you claim co-pays for dr. and prescriptions? my CPA has a spot to fill in for what your spent on medical?
TIA
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Posted 2/2/10 8:44 PM  |
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Phyl
R.I.P. Sweet Mia ♥
Member since 5/06 28918 total posts
Name:
The Mystical Azzhorse! ™
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Re: Tax question..can you claim medical ?
Message edited 2/2/2010 9:33:46 PM.
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| Posted 2/2/10 8:49 PM |
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DrMeg
Back home!
Member since 5/08 1858 total posts
Name:
Meg
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Re: Tax question..can you claim medical ?
I always supply this information to my accountant.
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| Posted 2/2/10 8:50 PM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: Tax question..can you claim medical ?
yes but it is an itemized deduction. the deduction goes with other medical expenses you paid out of pocket. the amount starts at 7.5% over your adjusted gross income. so you have to have 7.5% more than adjusted gross income to deduct as a itemized deduction.
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| Posted 2/2/10 8:52 PM |
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maxsgirl
LIF Adult
Member since 1/06 2086 total posts
Name:
sarah
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Re: Tax question..can you claim medical ?
Posted by jerrysgirl
yes but it is an itemized deduction. the deduction goes with other medical expenses you paid out of pocket. the amount starts at 7.5% over your adjusted gross income. so you have to have 7.5% more than adjusted gross income to deduct as a itemized deduction.
this is correct
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| Posted 2/2/10 9:30 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19457 total posts
Name:
L
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Re: Tax question..can you claim medical ?
I supply my medical info to my accountant. In NJ we can take over 2.5% on our state taxes but I don't know if that is for AGI or MAGI.
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| Posted 2/2/10 9:41 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: Tax question..can you claim medical ?
Yes for sure
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| Posted 2/2/10 9:50 PM |
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telmah
LIF Infant
Member since 1/10 239 total posts
Name:
Prince
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Re: Tax question..can you claim medical ?
Posted by jerrysgirl
yes but it is an itemized deduction. the deduction goes with other medical expenses you paid out of pocket. the amount starts at 7.5% over your adjusted gross income. so you have to have 7.5% more than adjusted gross income to deduct as a itemized deduction.
Correct. And expenses should be reduced by any reimbursements you may have received.
To the other poster, for NJ purposes, that state allows you to deduct medical expenses in excess of 2% of your NJ Gross Income
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| Posted 2/2/10 10:41 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19457 total posts
Name:
L
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Re: Tax question..can you claim medical ?
Telmah - Even better!! Thanks.
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| Posted 2/2/10 10:47 PM |
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KittyCat
Happy Summer !
Member since 5/05 2241 total posts
Name:
Kathleen
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Re: Tax question..can you claim medical ?
Thank you for all your replies, I will submit it along with all the other paperwork and see what happens !
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| Posted 2/3/10 9:02 AM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: Tax question..can you claim medical ?
if you itemize, yes you can 
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| Posted 2/3/10 9:03 AM |
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