Sabtu, 01 Februari 2025

Don't Overlook These Tax Deductions

Today's Tip: If your yearly medical expenses total more than 7.5% of your adjusted gross income, you can deduct any excess amount on your taxes. In other words, if you earn $100,000, you won't be eligible to deduct the first $7,500 of medical bills, but you are eligible to deduct anything more. ...

February 1, 2025

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If your yearly medical expenses total more than 7.5% of your adjusted gross income, you can deduct any excess amount on your taxes. In other words, if you earn $100,000, you won't be eligible to deduct the first $7,500 of medical bills, but you are eligible to deduct anything more. This includes copays, hospital care, prescription drugs, and other costs associated with healthcare.

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