Actually Jenn the equivalent of 7.5% of your income is not tax deductible out of the medical expenses. So for example if you grossed $50,000 and had $20,000 in medical expenses then the first $3,750 is not tax deductible. This would leave you with a medical deduction of $16,250. Also remember if you claimed any money through an FSA then you can not claim it again since you've already not paid taxes on that money.
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Medical bills
- Thread starter lexisangels05
- Start date
Actually Jenn the equivalent of 7.5% of your income is not tax deductible out of the medical expenses. So for example if you grossed $50,000 and had $20,000 in medical expenses then the first $3,750 is not tax deductible. This would leave you with a medical deduction of $16,250. Also remember if you claimed any money through an FSA then you can not claim it again since you've already not paid taxes on that money.
Actually Jenn the equivalent of 7.5% of your income is not tax deductible out of the medical expenses. So for example if you grossed $50,000 and had $20,000 in medical expenses then the first $3,750 is not tax deductible. This would leave you with a medical deduction of $16,250. Also remember if you claimed any money through an FSA then you can not claim it again since you've already not paid taxes on that money.
Actually Jenn the equivalent of 7.5% of your income is not tax deductible out of the medical expenses. So for example if you grossed $50,000 and had $20,000 in medical expenses then the first $3,750 is not tax deductible. This would leave you with a medical deduction of $16,250. Also remember if you claimed any money through an FSA then you can not claim it again since you've already not paid taxes on that money.
Actually Jenn the equivalent of 7.5% of your income is not tax deductible out of the medical expenses. So for example if you grossed $50,000 and had $20,000 in medical expenses then the first $3,750 is not tax deductible. This would leave you with a medical deduction of $16,250. Also remember if you claimed any money through an FSA then you can not claim it again since you've already not paid taxes on that money.
Melissa,
<br />
<br />I just wanted to ask what state you live in. I have two girls with CF and we've moved quite a few times... I have a little info about programs in a couple of different states... Just thought I'd see where you live to see if there's any info I have that may help you.
<br />
<br />
<br />
<br />I just wanted to ask what state you live in. I have two girls with CF and we've moved quite a few times... I have a little info about programs in a couple of different states... Just thought I'd see where you live to see if there's any info I have that may help you.
<br />
<br />
SarahJean1976
New member
This is the reason Breathe 4 Tomorrow Foundation was FOUNDED!!! In the next year we will hopefully be able to come in and take care of most of those costs. We are in the process of getting set up so we are able to. We were able to help a few families in 2008, but the fund raising was just not there... 2009 is going to be a great year for us and by 2010 we will be able to have an impact on oue community in such a positive way!!!
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
SarahJean1976
New member
This is the reason Breathe 4 Tomorrow Foundation was FOUNDED!!! In the next year we will hopefully be able to come in and take care of most of those costs. We are in the process of getting set up so we are able to. We were able to help a few families in 2008, but the fund raising was just not there... 2009 is going to be a great year for us and by 2010 we will be able to have an impact on oue community in such a positive way!!!
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
SarahJean1976
New member
This is the reason Breathe 4 Tomorrow Foundation was FOUNDED!!! In the next year we will hopefully be able to come in and take care of most of those costs. We are in the process of getting set up so we are able to. We were able to help a few families in 2008, but the fund raising was just not there... 2009 is going to be a great year for us and by 2010 we will be able to have an impact on oue community in such a positive way!!!
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
SarahJean1976
New member
This is the reason Breathe 4 Tomorrow Foundation was FOUNDED!!! In the next year we will hopefully be able to come in and take care of most of those costs. We are in the process of getting set up so we are able to. We were able to help a few families in 2008, but the fund raising was just not there... 2009 is going to be a great year for us and by 2010 we will be able to have an impact on oue community in such a positive way!!!
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
tons of xoxo
Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
SarahJean1976
New member
This is the reason Breathe 4 Tomorrow Foundation was FOUNDED!!! In the next year we will hopefully be able to come in and take care of most of those costs. We are in the process of getting set up so we are able to. We were able to help a few families in 2008, but the fund raising was just not there... 2009 is going to be a great year for us and by 2010 we will be able to have an impact on oue community in such a positive way!!!
<br />YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
<br />tons of xoxo
<br />Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
<br />YOU ARE THE REASON WE ARE HERE!!! Check out our website and let me know what you think!!!
<br />tons of xoxo
<br />Sarah Jean<img src="i/expressions/face-icon-small-happy.gif" border="0">
lexisangels05
New member
We live in North Carolina. When you talk about what you may get back when you file your taxes do you subtract what you pain in insurance premiums?
lexisangels05
New member
We live in North Carolina. When you talk about what you may get back when you file your taxes do you subtract what you pain in insurance premiums?
lexisangels05
New member
We live in North Carolina. When you talk about what you may get back when you file your taxes do you subtract what you pain in insurance premiums?
lexisangels05
New member
We live in North Carolina. When you talk about what you may get back when you file your taxes do you subtract what you pain in insurance premiums?
lexisangels05
New member
We live in North Carolina. When you talk about what you may get back when you file your taxes do you subtract what you pain in insurance premiums?