I am responsible for anything that the insurance doesn't cover. Can I file this on my taxes?
2007-12-27 03:30:51 · 5 answers · asked by sarah m 2 in Business & Finance ➔ Taxes ➔ United States
Anything you pay out of pocket is a medical expense. Since you don't pay the insurance premiums, you can't deduct those.
You can only deduct medical expenses if you itemize, and even then can only deduct the part of the expenses that is more than 7.5% of your income, so unless you have huge medical bills, you usually can't deduct them.
2007-12-27 03:47:56 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
As long as you can claim your child as a dependent on your tax return, yes, subject to the usual limitations, i.e. you must itemize and you can only deduct those that exceed 7.5% of your AGI.
2007-12-27 03:42:37 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 1⤋
I think you need to itemize your deductions to claim out of pocket medical expenses.
2007-12-27 03:43:51 · answer #3 · answered by MUSCLES 5 · 0⤊ 0⤋
Yes I am pretty sure you can.You can always make a call to your Tax Man or women.
2007-12-27 03:40:41 · answer #4 · answered by Dew 7 · 0⤊ 0⤋
I'm sure you can...out of pocket medical expenses.
2007-12-27 03:38:32 · answer #5 · answered by California Dreamin' 3 · 0⤊ 0⤋