Quote:
Originally Posted by Grapesoda
health ins up 400%, for low quality health ins. refused service at over 50% of doctors offices. have incurred medical debt. health ins is NOT a deduction. comes from net!
your president! winning!!  |
The IRS allows you to deduct qualified medical expenses that exceed 7.5% of your adjusted gross income.
I have a pretax medical Health Savings Account ( HSA ) and pay medical expenses like my deductables & any meds. HSA's also pay for dental & vision expenses. You can put in $6,500 a year pre tax and it rolls over every year. It's a great tax liability reducer
