Guest guest Posted February 7, 2006 Report Share Posted February 7, 2006 Truem but if I understand correctly, you have to have a larger amount you have paid in Medical expenses, before you can claim that on your Taxes each yr. Or am I wrong? I will be Glad when I have Medical again, as I am on Insulin and wondering how I will pay for it in about a month or so... I am now working Full time, but cannot have Insurance thru my job, until about April. ~~TINA~~ -- Deductible Well, I'm not sure if this is 'good' or 'bad' but I met my $300 deductible for my insurance in January! <ouch!> But at least I get reimbursed 80% on my meds for the rest of the year. Mike Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 7, 2006 Report Share Posted February 7, 2006 Truem but if I understand correctly, you have to have a larger amount you have paid in Medical expenses, before you can claim that on your Taxes each yr. Or am I wrong? I will be Glad when I have Medical again, as I am on Insulin and wondering how I will pay for it in about a month or so... I am now working Full time, but cannot have Insurance thru my job, until about April. ~~TINA~~ -- Deductible Well, I'm not sure if this is 'good' or 'bad' but I met my $300 deductible for my insurance in January! <ouch!> But at least I get reimbursed 80% on my meds for the rest of the year. Mike Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 7, 2006 Report Share Posted February 7, 2006 Medical expenses above 7% of adjusted gross income are tax deductable. Ron > > Truem but if I understand correctly, you have to have a larger amount you > have paid in Medical expenses, before you can claim that on your Taxes each > yr. > > Or am I wrong? I will be Glad when I have Medical again, as I am on Insulin > and wondering how I will pay for it in about a month or so... I am now > working Full time, but cannot have Insurance thru my job, until about April. > > ~~TINA~~ > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 7, 2006 Report Share Posted February 7, 2006 Medical expenses above 7% of adjusted gross income are tax deductable. Ron > > Truem but if I understand correctly, you have to have a larger amount you > have paid in Medical expenses, before you can claim that on your Taxes each > yr. > > Or am I wrong? I will be Glad when I have Medical again, as I am on Insulin > and wondering how I will pay for it in about a month or so... I am now > working Full time, but cannot have Insurance thru my job, until about April. > > ~~TINA~~ > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 7, 2006 Report Share Posted February 7, 2006 You should consult your tax professional for the details. Talk to your doctor or pharmacist, also, about programs to assist you with paying for your insulin. RE: Deductible Truem but if I understand correctly, you have to have a larger amount you have paid in Medical expenses, before you can claim that on your Taxes each yr. Or am I wrong? I will be Glad when I have Medical again, as I am on Insulin and wondering how I will pay for it in about a month or so... I am now working Full time, but cannot have Insurance thru my job, until about April. ~~TINA~~ Quote Link to comment Share on other sites More sharing options...
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