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I know that we get allowance for goverment each year on our tax.
But I forget how much is it?
I remember between $12k? if my medical expense isn't over that amount, I couldn't ask for more refund, but if its over it I could ask for more.
But I don't remember the exact amount on the allowance.
Please help!

2007-10-10 07:51:08 · 4 answers · asked by booboobooboobooobooo 3 in Business & Finance Taxes United States

4 answers

There isn't a medical expense allowance like you describe.

There is a standard deduction - this year $5350 for someone single, $10,700 for a joint return. If your total itemized deductions are less than your standard deduction, then you don't itemize. And medical expenses can only be deducted for the amount that exceeds 7.5% of your income.

2007-10-10 17:41:47 · answer #1 · answered by Judy 7 · 0 0

There's no allowance. You can't deduct medical expenses unless they exceed 7.5% of your adjusted gross income and only if you're itemizing.

2007-10-10 07:58:05 · answer #2 · answered by Anonymous · 1 0

Not in the US. There's no such allowance.

2007-10-10 10:34:41 · answer #3 · answered by Bostonian In MO 7 · 0 0

Qman is correct.

2007-10-10 07:58:36 · answer #4 · answered by Anonymous · 0 0

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