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Medical Expenses

Health Savings Account Contributions

Asked Thursday, February 28, 2013 by an anonymous user
HSA Contributions for the current year can be made through Aoril 15,th of the Following Year.
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Medical Expenses

Acupuncture

Asked Tuesday, February 21, 2012 by an anonymous user
You can include in the calculation of Medical itemized deductions as medical expenses subject to the 7.5% limitation the amount you paid for acupuncture.
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Medical Expenses

Private nurse - withholding requirements

Asked Friday, December 22, 2000 by an anonymous user
Household employees include baby sitters, nannies, housekeepers, drivers, caretakers, health aids, private nurses, maids, gardeners, and others who work in or around your private residence as your employees.
Household workers who are under age 18 during any part of the calendar year are exempt from the FICA tax for the entire year even if the wages exceed $1,800 if the household employment is not their principal occupation.
A full time student is considered a full time occupation. Workers you get from an agency are not your employees if the agency is responsible for who does the work and how it is done.
Self-employed workers are not considered your employees. In the current year, if you paid a household employee cash wages of $1,800 or more in a calendar year, you generally must withhold social security and Medicare taxes from all cash wages you pay to that employee.
Household employers must file IRS Schedule H to pay the social security and federal unemployment tax and any withheld federal income taxes. A household employer is not required to withhold federal income tax from a household employee's wages. Federal income tax withholding occurs if the employee requests and the employer agree.
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Medical Expenses

Nursing home expenses - Parents expenses

Asked Thursday, December 21, 2000 by an anonymous user
Generally, you may deduct qualified medical expenses you pay for yourself, your spouse, and your dependents, including a person you claim as a dependent under a Multiple Support Agreement.
You can also deduct medical expenses you paid for someone who would have qualified as your dependent except that the person did not meet the gross income or joint return test.
Nursing home expenses are allowable as medical expenses in certain instances. If you, your spouse, or your dependent is in a nursing home or home for the aged, and the primary reason for being there is for medical care, the entire cost, including meals and lodging, is a medical expense deductible on IRS Schedule A subject to the 10% / 7.5% AGI limitation.
If the individual is in the home mainly for personal reasons, then only the cost of the actual medical care is a medical expense, and the cost of the meals and lodging is not deductible. Speak to your local CPA about the deductibility of the nursing home.
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Medical Expenses

Medical physical

Asked Wednesday, December 20, 2000 by an anonymous user
The cost of the medical physical that your boss said you must have is deductible as an miscellaneous itemized deduction on IRS Schedule A subject to the 2% MAGI limitation.
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Medical Expenses

Vasectomy payments

Asked Wednesday, December 20, 2000 by an anonymous user
The costs of a vasectomy are deductible as a medical itemized deduction on IRS Schedule A subject to the 7.5% AGI limitation.
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Medical Expenses

Braille books -visually impaired son

Asked Tuesday, December 19, 2000 by an anonymous user
The excess of the costs of the braille books over the regular printed editions you buy for your visually impaired son are deductible as a medical itemized deduction on IRS Schedule A subject to the 10% / 7.5% limitation.
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Medical Expenses

Medical Lab fees

Asked Tuesday, December 19, 2000 by an anonymous user
Yes. The medical laboratory fees are deductible as a medical itemized deduction on IRS Schedule A limited by the 7.5% MAGI limitation.
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Medical Expenses

Acupuncturist payments

Asked Tuesday, December 19, 2000 by an anonymous user
The costs you pay for your acupuncturist are deductible as an medical itemized deduction on IRS Schedule A subject to the 7.5% limitation.
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