Download deductible and nondeductible medical expenses

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project

Document related concepts

History of insurance wikipedia , lookup

Transcript
DEDUCTIBLE AND NONDEDUCTIBLE MEDICAL EXPENSES
Abortions, if legal
Acupuncture
Alcoholism, treatment of
Ambulance hire
Artificial limbs and teeth
Birth control pills
Braces and crutches
Braille – books and magazines
Breast feeding pumps and supplies
Childbirth preparation classes
Chiropractor’s fees
Christian Science practitioner’s fees
Dental bills and dentures
Elastic stockings
Elevator in the home
Eyeglasses, contact lenses (including solutions and
cleaners)
Fertility enhancement
Handicapped persons’ special schools
Health insurance premiums
Hearing aids
Home care, nursing services at home
Hospital bills
Hospitalization insurance premiums
DEDUCTIBLE EXPENSES
Medicare Part B and Part D premiums
Nursing home fees if principal reason for being there is to get medical care
Nursing services
Obstetrical expenses
Optometrist’s fees
Orthopedic shoes
Osteopath fees
Oxygen and oxygen equipment
Part of life-care fee designated for medical care paid to a nursing home
Physical examinations
Physician’s fees
Prescription drugs and medicines
Psychiatric care
Sacroiliac belt
Seeing eye dog and upkeep
Smoking cessation programs
Lab fees
Laser eye surgery
Learning disability – tuition for special school if Dr.
recommends
Long-term care insurance premiums (subject to limitations)
Mattress, for arthritic patient
Social security taxes on wages of workers providing medical care
Surgical fees
Therapy
Transportation and lodging related to medical treatment
Tubal ligation
Vasectomy
Vitamins, if prescribed for a specific physician diagnosed medical
condition
Wages for nursing services
Weight-loss program for a specific disease or ailment
Wheelchairs, including self-propelled autoette
Whirlpool baths for medical purposes
X-rays
NONDEDUCTIBLE EXPENSES
Cosmetics, soap, toothpaste
Life insurance premiums
Dancing or swimming lessons
Maternity clothing
Diaper service
Medical part of auto insurance
Disability insurance premiums
Nonprescription drugs and medicines
Dues to health clubs unless related to a specific medical
Nursing care for healthy baby
condition
Electrolysis or hair removal
Over-the-counter medicines and prescribed drugs brought in from another
country (ex. Canada)
Funeral, burial or cremation
Surgery for purely cosmetic reasons
Household help except for nursing care services
Teeth whitening
Illegal operation or treatment
Trips for general health gain
Medical expenses that are not reimbursed by insurance are deductible to the extent they exceed 10% of your adjusted gross income.
• Through 12/31/16 the threshold is 7 ½% for taxpayers age 65 or older and their spouses.
© DeFilippis Financial Group
(Rev. 12/21/2015)