Medical Expenses

Podiatrist payments

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

The costs you pay to your podiatrist can be deductible as a medical deduction on IRS Schedule A subject to the 10% / 7.5% MAGI limitation.
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Medical Expenses

Acupuncturist payments

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

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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Employee Business Expense

Guide dog - Legally blind

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

The costs of purchasing and maintaining a guide dog or other animal for a visually-impaired, hearing-impaired or physically disabled person is deductible as a medical itemized deduction on IRS Schedule A subject to the 10% / 7.5% MAGI limitation.
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Medical Expenses

Medical Lab fees

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

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

Hotel costs - cancer treatments

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

Up to $50 for each night for each person is deductible for lodging expenses not provided in a hospital or similar institution while away from home to receive medical care in a hospital or medical facility related to a hospital.
The deductible amount is reportable as a medical itemized deduction on IRS Schedule A subject to the 10% / 7.5% MAGI limitation.
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Medical Expenses

Special mattresses - arthritic back condition

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

Mattresses and special bed boards prescribed by a doctor bought specifically to alleviate an arthritic condition are deductible as a medical itemized deduction on IRS Schedule A subject to the 10% / 7.5% MAGI limitation.
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Employee Business Expense

Swimming lessons

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

Swimming lessons even if prescribed by a doctor are nondeductible.
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Insurance

is the amount I pay for life insurance deductible ?

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

No. The cost of life insurance is not deductible.
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Taxes - My Tax Return

Are there any tax credits or refunds related to reparations for slavery ?

Asked Tuesday, December 19, 2000 by an anonymous user

CPA Answer:

There are no provisions in the tax law for tax credits or refunds related to reparations for slavery. The IRS is cautioning taxpayers of illegal schemes being offered to the public by rip off artists. You should report these people to the IRS.
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Late Filing

When will the IRS accept a tax return as timely filed if mailed from overseas ?

Asked Monday, December 18, 2000 by an anonymous user

CPA Answer:

The date the IRS will accept a return as timely filed when mailed from overseas is if it is postmarked by midnight of the filing due date.
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