Jul
Expenses will be automobile rental and gas. The physician is three hundred miles away. Anone know or got a reference for this
Answer:
I found something for you. You may need to read further for more, but if I had read more my head would have 'sploded.
You may deduct transportation costs primarily for and essential to medical care that qualify as medical expenses. The actual fare for a taxi, bus, train, or ambulance can be deducted. If you use your vehicle for medical transportation, you can deduct actual out–of–pocket expenses such as gas and oil, or you can deduct the standard mileage rate for medical expenses. With either method you may include tolls and parking fees.
I also believe you’ll need to itemize your return…BOOM!
Answer:
Everybody already gave you pretty good answers. In a nutshell, yes you can deduct travel expenses for medical care. This is not only a standard mileage amount, but also hotel stays sometimes. But read up on it. Somebody recommended Publication 17. That is a massive book with info about a ton of subjects - you might want to try Publication 501 which talks only about deductions like this one.
Whether you will actually benefit depends on two things: 1) your itemized medical deductions (including these travel expenses) only count by the amount they exceed 7.5% of your gross income, and 2) those excess medical expenses plus all other itemized deductions have to exceed the standard deduction which is based on your filing status.
So, the short answer is “yes, save your receipts and run your numbers on your tax return and see if it helps, but it is certainly worth trying”.
Answer:
Giddean's answer is a good answer. He’s correct that you will have to itemize, file a Schedule A, to deduct your medical expenses. It is hard for most people to get above the 7.5% of your Adjusted Gross Income before any of the medical expenses can be claimed. And, then if the total amount Schedule A deductions does not exceed the Standard Deduction amount the Schedule A does you no good.
Visit the IRS web site at www.irs.gov and look at Publication 17. There’s good plain english information there and it refers you to other publications if you need additional information.
Hope this helps
Answer:
Here in NC I keep mileage for EVERY trip to the physician and take it off my income taxes at the end of the year. I don't know about a automobile though, but save the receipt and your CPA or other tax preparer will know. We get a pretty good deduction from the mileage.
I hope you are okay. Hope everything is good when you go to see the specialist, try and let me know you have my concern and prayers.
Answer:
You can deduct as itemized deduction under medical expenses.
Read this for medical expense deduction: http://taxipay.blogspot.com/2008/05/item…
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