| May we have a very good health in years | | | | then you can recover the cost partially. |
| to come? But due to some difficulty, we | | | | 4. Also don't forget miscellaneous |
| might not be in good health. But we can | | | | deductions. These include: expenses made |
| always make use of the government | | | | on legal abortion, acupuncture, eye |
| allowed tax benefits. | | | | surgery, drug rehabilitation, |
| Very few people know and make use of the | | | | prescription drugs and insulin, nursing |
| medical tax benefits. The flip side is, | | | | home and nursing services, ambulance |
| you can avail it only if your bill is | | | | service, hospital expenses, laboratory |
| more than 7.5% of your gross income. | | | | fees, health insurance premiums, |
| Well, everyone can make use of the | | | | dependent fees paid to physicians, |
| available liberty in the form of medical | | | | surgeons, specialists, dentists, |
| tax benefits. | | | | psychologist, and other medical |
| 1. First rule is to cross the 7.5% mark | | | | practitioners |
| and you do this by trying to include all | | | | Add these up, and any figure beyond the |
| your family members. Anyone who is your | | | | 7.5 per cent mark is tax deductible. |
| dependent can be included. The bill is | | | | On the flip side there are certain costs |
| of medical and dental facilities | | | | that are medical, but which cannot be |
| including those who passed away this | | | | deducted. These include: cosmetic |
| year. | | | | surgery, gymnasium payments or costs of |
| 2. Expenses like transportation from | | | | a weight loss program, hair transplant |
| your residence to the place of treatment | | | | and electrolysis operations, bottled |
| can be included. IRS website shows how | | | | water-still or sparkling, dancing |
| you can maximize this and the | | | | lessons, teeth whitening, maternity |
| calculations needed. This is not the | | | | clothes and diaper service. |
| only expense that you can add. Weight | | | | I am sure if you try, you can get into |
| loss programs, hearing aid, dentures, | | | | the range which would provide you with |
| false teeth, and other related medical | | | | the relief. The idea is not to fall sick |
| issues are a part of this. | | | | but get something out of it, if you have |
| 3. Wheelchairs, crutches, hearing aids | | | | already spent a fortune on regaining |
| are also tax deductible. If your house | | | | health. |
| is renovated on the doctor's advice, | | | | |