Guest guest Posted March 13, 2005 Report Share Posted March 13, 2005 My husband is a leukemia survivor, and in addition to RA I also have an autoimmune thyroid disorder...we both have some other issues as well. We itemized this year and had over $5,000 we could deduct. That's in addition to paying for health insurance, which comes out of my check as pre-tax dollars. lisake40 <lisaestill@...> wrote: Does anyone in this group itemize on taxes for medical expenses related to RA? I have never done this before, but I did keep receipts of prescriptions, dr. visits, and labs in 2004. Wow...it really adds up! I'm probably showing my ignorance here, but I have always gone the quick and simple route regarding taxes. My question is this.....on the form, it has just a single blank for the total amount related to medical expenses.....in my mind, when I pictured itemized deductions, I thought of having to list and have documentation of proof for each and every dollar. So...do I just add everything together, plug in that amount, and keep receipts/documentation in case of audit? I have been a member of this group for one week, and already I have been so enlightened by the knowledge and kindness of you people. Thanks again, in Fort Worth, Texas Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 13, 2005 Report Share Posted March 13, 2005 My husband is a leukemia survivor, and in addition to RA I also have an autoimmune thyroid disorder...we both have some other issues as well. We itemized this year and had over $5,000 we could deduct. That's in addition to paying for health insurance, which comes out of my check as pre-tax dollars. lisake40 <lisaestill@...> wrote: Does anyone in this group itemize on taxes for medical expenses related to RA? I have never done this before, but I did keep receipts of prescriptions, dr. visits, and labs in 2004. Wow...it really adds up! I'm probably showing my ignorance here, but I have always gone the quick and simple route regarding taxes. My question is this.....on the form, it has just a single blank for the total amount related to medical expenses.....in my mind, when I pictured itemized deductions, I thought of having to list and have documentation of proof for each and every dollar. So...do I just add everything together, plug in that amount, and keep receipts/documentation in case of audit? I have been a member of this group for one week, and already I have been so enlightened by the knowledge and kindness of you people. Thanks again, in Fort Worth, Texas Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 16, 2007 Report Share Posted February 16, 2007 It depends. Is it deducted from your paycheck? If it is, and it is deducted pretax, then no you cant. If its after taxes are deducted then I believe you can. Ours is pretax and my accountant says no so that part I'm sure of Kerrie In a message dated 2/16/2007 9:54:47 PM Eastern Standard Time, meganrallen@... writes: Does the amount we pay per month to our employer for our health care plan count as an " insurance premium " that we can deduct? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 17, 2007 Report Share Posted February 17, 2007 Don't forget the milage to and from the doctors office. Jane Jan <paxlforme@...> wrote: -Yes! As well as any copayments, out of pocket scripts, out of pocket dental or doc fees. -- In , " oregonscrappers " <meganrallen@...> wrote: > > Dear All, > > Thank you for the discussion a few months ago pertaining to tax breaks > for health expenses. > > Does the amount we pay per month to our employer for our health care > plan count as an " insurance premium " that we can deduct? > > Thanks, > > Meg > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 18, 2007 Report Share Posted February 18, 2007 Meg, Are your " insurance premiums " paid to your employer paid with pre-tax dollars or after-tax dollars? If they are paid with pre-tax dollars, I don't think you can claim them. Gladioli > > Dear All, > > Thank you for the discussion a few months ago pertaining to tax breaks > for health expenses. > > Does the amount we pay per month to our employer for our health care > plan count as an " insurance premium " that we can deduct? > > Thanks, > > Meg > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 21, 2008 Report Share Posted March 21, 2008 > I'm not sure if I have to issue 1099 for the ABA therapist who worked > at my house. I talk to different people and some saying that if worked > at my house then they are employees and need W-2, but also if consider > them as contractors, then don't need to issue anything, but they have > to take care of reporting income, and we can report expense. > What is everybody doing? You need to speak with your tax adviser. It makes a LOT of difference [and can potentially cause a lot of problems] on your own taxes, whether you issue a 1099, a W2, or other document, or no document. Dana Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 21, 2008 Report Share Posted March 21, 2008 You can also check out the instructions at http://www.irs.gov for the 1099 form and see what guidelines it gives for filing. Also look up household employees to see what the IRS says about it. Dana is right, there are differences that can come back to bite you later if you don't file properly. My first guess would be it isn't at all an employment by you issue, but possibly a 1040 itemized health care deduction. I wouldn't give out that advice unless I knew more about the circumstances though - which leads me to: When in doubt, check with a local CPA. They are usually surprisingly cheap to consult with. Get a few recommendations. We have our taxes done by one yearly for under $150 with small business and farm forms to file. A local insurance agent/CPA does them for us. Our son-in-law went to H & R Block before he met us and paid twice that for just a 1040A and stock tax forms on the few stocks he had. I couldn't believe it!!! Anyway, CPA is cheap enough. Find a local community one, and just make an appointment. I don't even have an appointment to discuss issues with ours. I just type up a letter explaining our adventures of the year and let him make all the decisions. I'm sure that yearly he saves us more in taxes than we spend on the fee for him to prepare them. Oh, and I'm a former small business tax accountant myself - too busy with kids, farm and family (and biomed and reading, etc.) to keep up with it now - and I just wouldn't want to have to wade through it all to know what I'm doing anymore. I can't wait for the Fair Tax to catch on. P. danasview wrote: > > > > I'm not sure if I have to issue 1099 for the ABA therapist who worked > > at my house. I talk to different people and some saying that if worked > > at my house then they are employees and need W-2, but also if consider > > them as contractors, then don't need to issue anything, but they have > > to take care of reporting income, and we can report expense. > > What is everybody doing? > > You need to speak with your tax adviser. It makes a LOT of difference > [and can potentially cause a lot of problems] on your own taxes, > whether you issue a 1099, a W2, or other document, or no document. > > Dana > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 21, 2009 Report Share Posted March 21, 2009 Yes, it's tax deductible if it's documented by the doctor the therapy is needed for the child. The cost of therapy and the mileage you drive are deductible based on the info I learned from the workshop. Grace Lin-Fadel From: Eileen Sullivan <esullivan.home@...>Subject: [ ] tax question Date: Saturday, March 21, 2009, 8:34 AM Anyone have information about whether music therapy can be a deductible medical expense for tax purposes? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.