income tax medical deduction?

Question

In 2006 we had to pay a lot for medical expenses (deductibles, etc, our insurance isn't great). The main expense was heart surgery our baby had in October 2006. With the back-and-forth between the hospital and our insurance company, including some incorrect rejections the insurance company made initially , we didn't get all of the bills (and therefore make all the payments) until 2007. Can we claim the 2007 payments on the 2006 surgery on our 2006 taxes (I want to b/c then we would exceed the 7.5% AGI....but I'm thinking that wouldn't be the way the IRS works?)

Answer 1

You can deduct medical expenses in the year you paid them. So you cannot claim expenses paid in 2007 on your 2006 tax return.

You can also deduct medical mileage including trips to the hospital, doctor, or pharmacy.

Answer 2

No, you can only claim the expenses actually paid in 2006. Anything paid in 2007 must go on your 2007 tax return.

Answer 3

The IRS works on a cash basis - if you had paid by credit card or cash in 2006, you could claim all of it - but unless you're a company on an accrual basis, you won't be able to claim it all in 2006 - sorry.

Answer 4

Unfortunately, you can only take the medical payments in the year when they're actually paid, not when the expenses are incurred.

I hope your baby is OK now. Good luck.

Answer 5

lots factors weigh in right here one million) you could only declare scientific costs exceeding 7.5% of your AGI 2) eye surgical operation is an includable deduction without massive distinction made in irs e-e book 502 between elegance and necessary eye surgical operation ( even nevertheless the coverage treats them in yet in any different case) 3) do you have different deductions to comprise to deliver your total to extra effective than the time-honored deduction to your submitting status?