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re: Questions about medical expense tax deduction
Posted on 7/18/14 at 8:04 am to LSUFanHouston
Posted on 7/18/14 at 8:04 am to LSUFanHouston
quote:
Oh, and I LOVE clients like you... ones who ask questions BEFORE they show up at tax time.
Don't do taxes anymore, but that is the gospel right there. Nothing worse than they guy that shows up on April 1 with envelopes full of pharmacy and doctor's office receipts with nothing tabulated.
And I echo the best wishes for a healthier future for your family.
As far as prescriptions, most pharmacies will give you a print out of all the prescriptions you've have filled for the year with a total amount you paid out of pocket, so that's the easy one.
Medical deduction really isn't a red flag unless you start claiming huge amounts every year. It's somewhat normal to have a large medical deduction one year, and nothing the subsequent years.
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