Claiming Medical Expenses on Your Tax Returns – The Complete List of Deductions Part II
Last Time…I started the Complete List of Medical Deductions the IRS allows you to take. This is extremely important when working in the medical field, especially since they change the rules every year. You don’t want to end up suffering because you aren’t aware of the things you are allowed to write off. You may even find some things you didn’t even know you could write off. The list is continued here.
Laboratory Fees
Lead-Based Paint Removal
Learning Disability
Legal Fees
Lifetime Care-Advance Payments
Dependents with disabilities.
Payments for future medical care.
Lodging (Like the cost of living in a nursing home or hospital. The lodging cannot be extravagant.)
Long-Term Care
Qualified Long-Term Care Services
Chronically ill individual
Maintenance and personal care services.
Qualified Long-Term Care Insurance Contracts
Meals (like the cost of hospital meals)
Medical Conferences
Medical Information Plan
Medical Services
Medicines
Imported medicines and drugs
Mentally Retarded, Special Homes
Nursing Home
Nursing Services
Employment taxes.
Operations
Optometrist
Organ Donors
Osteopath
Oxygen (cost of oxygen equipment)
Next, the finale: The grand finale is next! In part three of this three part article, I’m going to show you what items are not tax deductible. Make sure you pay close attention to that list, because false claiming with the IRS can land you in a world of trouble. Remember, the more you know when it comes to the IRS, the better and easier your life can be. Knowledge is power when it comes to taxes!
Now you have the Smoking Gun…Use It!
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This entry was posted on Friday, April 30th, 2010 at 2:48 am and is filed under Medical Expense Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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