tax deduction?

[Guest guest]

Just wondering. I've been thinking that the cost of a helmet might be a

legitimate tax deduction for medical expenses. Anyone know if that's true? Has

anyone tried it?

[Guest guest]

I do believe it is, however it just depends on whether you reach the minimum

amount as decided by the IRS on your tax forms. I know I kept the receipts (even

travel receipts count, for gas, food and lodging if you're receiving medical

treatment out of town), for our 2008 tax return, but when my husband sat down to

do them, it turned out we had to claim at least 7000-8000 dollars in medical

expenses (he can't remember the exact amount) and our receipts didn't add up to

that much so we didn't do it. But if you're paying 100% out of pocket and you

end up with travel expenses and or multiple bands (plus any other out of pocket

medical expenses not covered by insurance I think - I'm not exactly sure what

all falls under that category), you might be able to reach that limit and claim

it on your tax returns. I guess the best thing to do would be to keep EVERY

receipt and see what the form says next year when you fill it out.

Also, something else to think about, the band should be eligible under any

Flexible Benefit Reimbursement plans you might have through work (where you

assign a certain amount of pre-taxed pay to go to an account to pay for out of

pocket medical care, childcare, etc). So that might be something to look into as

well (I guess you would already have to have it in place at this point, but

maybe there would be some extra funds that you can claim for reimbursement).

Hope that helps!

Jake-3 (DOCBand Grad 9/08)

>

> Just wondering. I've been thinking that the cost of a helmet might be a

legitimate tax deduction for medical expenses. Anyone know if that's true? Has

anyone tried it?

>

[Guest guest]

I deducted it for 2008 as medical equipment. It just so happens my pregnancy and paying for the band happened in the same year so we had plenty of medical expenses. There was a place for medical equipment so I entered the $3600 and another place for insurance reimbursements so I put the $1017 there that I received from the insurance.

From: nwilkens2275 <nwilkens2275@...>Plagiocephaly Sent: Wed, October 21, 2009 12:35:42 PMSubject: Re: tax deduction?

I do believe it is, however it just depends on whether you reach the minimum amount as decided by the IRS on your tax forms. I know I kept the receipts (even travel receipts count, for gas, food and lodging if you're receiving medical treatment out of town), for our 2008 tax return, but when my husband sat down to do them, it turned out we had to claim at least 7000-8000 dollars in medical expenses (he can't remember the exact amount) and our receipts didn't add up to that much so we didn't do it. But if you're paying 100% out of pocket and you end up with travel expenses and or multiple bands (plus any other out of pocket medical expenses not covered by insurance I think - I'm not exactly sure what all falls under that category), you might be able to reach that limit and claim it on your tax returns. I guess the best thing to do would be to keep EVERY receipt and see what the form says next year when you fill it out.Also, something else to

think about, the band should be eligible under any Flexible Benefit Reimbursement plans you might have through work (where you assign a certain amount of pre-taxed pay to go to an account to pay for out of pocket medical care, childcare, etc). So that might be something to look into as well (I guess you would already have to have it in place at this point, but maybe there would be some extra funds that you can claim for reimbursement) . Hope that helps!Jake-3 (DOCBand Grad 9/08)>> Just wondering. I've been thinking that the cost of a helmet might be a legitimate tax deduction for medical expenses. Anyone know if that's true? Has anyone tried

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