From just finally getting out of major bills, I became ill this yr. I live in Hawaii & to get to the doctors, and hospital where I had the surgery I needed to fly and take taxi's. Along with the medical bills I will claim will I be able to also claim all of this? And, where would be the best place to look up all the information I might need on this medical issue and ugh taxes?
Mahalo for any help anyone can give me!
Aloha
2007-01-30 11:46:29 · 3 answers · asked by girl4whales 2 in Business & Finance ➔ Insurance
you said you got ill this year? medical bills from 2007 have to be deducted in 2008. the current rule is medical bills that exceed 7.5% of your adjusted gross income can be deducted
see IRS publication 502 for more information (stroll way down)
http://www.irs.gov/publications/p502/ar02.html#d0e299
Adjusted Gross Income
Individuals income from all sources, as reported on the IRS 1040 tax return, after certain allowable deductions such as IRA or KEOGH contributions, moving expenses, and alimony.
2007-01-30 13:15:27 · answer #1 · answered by Jen 5 · 0⤊ 0⤋
Transportation costs and/or mileage to medical appointments are tax deductible, as are medical bills, if they reach a certain percentage of your income. Taxi bills are deductible under medical costs. Hopefully, you have receipts.
2007-01-30 11:56:11 · answer #2 · answered by beez 7 · 0⤊ 0⤋
Yes, transportation expenses are also included.
I would seriously consider filing taxes through turbotax - www.turbotaxonline.com - they walk you through EVERYTHING in a very clear, concise way, and they have reps available via telephone or IM to help, also.
2007-01-30 12:25:40 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋