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