Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright spot to big bills is the opportunity to claim your medical expenses as a tax deduction on your tax return, as long as...
The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. With the end of the year...
Q: I was diagnosed cancer with this year, and am currently receiving treatments. Will this have any affect on my tax situation? A: I am sorry to hear about your diagnosis, but hopefully this information will help you. If you have...
Are you in peak condition, eating right, exercising faithfully every day, full of energy and rarin’ to go? Yeah, I didn’t think so. For most Americans, that is a dream but not a reality. Here are five ways to get...
Did you spend a lot of money on your medical care last year? If so, you may be eligible for the medical expense deduction. In total, you must spend more than 10% (7.5% if you are age 65 or older)...
Being a family caregiver can be lonely sometimes, but know that you are not alone. There are 52 million people in the U.S. who provide caregiving to an adult family member or friend. Caregiving can be time-consuming and it is...
Though medical expenses cost a bundle, medical insurance premiums, co-pays and uncovered medical expenses are deductible as itemized deductions on your tax return, and that can help defray the costs. In the past you could deduct only those medical expenses that exceed 7.5% of your adjusted gross income; beginning in 2013, that threshold has been raised to 10%.
If you need to enroll in your employer provided Flexible Spending Account due to your plan’s open enrollment, changes in employment, or family size, here are some tips to help you figure out how much to contribute to your FSA from Elle Martinez of Couple Money.
What amount of your medical expenses are tax deductible? Do you have to show proof of the expenses that you’re claiming as deductions? Whose medical bills are able to be deducted? These are some very common questions about medical expenses, so let’s just dive right in.
Tis the season to overindulge and eat too much. Well, before you try to deduct your gym membership dues there are some things you need to know. Michael Rubin explains requirements for deducting your weight loss expenses.
Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright spot to big bills is the opportunity to claim your medical expenses as a tax deduction on your tax return, as long as... 
