taxgirl® - tax news, tax info and tax policy medical and dental expenses

March 22nd, 2008

Ask the Taxgirl: Health Insurance Premiums

Taxpayer asks:
Last year, I lost my job. I haven’t found a full time job yet so I have been paying for my health insurance out of pocket by COBRA.
Is this deductible on my taxes? A friend told me that it was but I thought only visits to the doctor and prescriptions were.
Thanks for […]

By Kelly -- 6 comments

February 29th, 2008

Medical and Dental Expenses from A-Z

You know that you can deduct the cost of visits to the doctor and dentist, right? And that you can deduct the cost of parking and transportation to and from those visits?
What else is deductible? Check out this handy list:
1, Abortion
2, Acupuncture
3, Alcoholism treatment
4, Ambulance service
5, Artificial Limb
6, Artificial Teeth
7, Bandages
8, Breast Reconstruction […]

By Kelly -- 6 comments

February 28th, 2008

9 Child-Related Tax Breaks That You May Be Overlooking

In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking.
1, Child tax credit. If your modified AGI (adjusted […]

By Kelly -- 0 comments