Medical expenses are a huge expense that you will have to pay throughout the year. Many people know that they can deduct some of their expenses for medical emergencies, as long as they make under a certain amount each year and the medical expenses get up past a certain amount. But there are also a lot of medical expenses that people can claim on their tax returns that they don’t even think about. Claiming these expenses can help to save you a lot of money on your tax bill, allowing you to stretch your income even further. The professionals from TaxMedics can help you to find out which medical expenses deductions in unusual circumstances that you can claim on this years’ tax return.
In some circumstances, you can claim some of your home improvement projects as special medical expenses. This does not mean that you should go and claim all of the little projects that you completed on your home on the tax return and the IRS is going to refuse most of these claims. But, there are some situations where you can claim the home improvement if it was done in order to help with a medical issue.
For example, if you made some home improvements in order to benefit someone in the home who has a disability, it is possible to claim some of these expenses on your tax return. You may consider claiming the cost of adding a ramp onto your stairs or some handrails inside the home. It is also possible to claim some of the costs of a swimming pool if it is used primarily as a method to treat an illness or an injury.
Before claiming any home improvements as medical expenses on the tax return, it is a good idea to contact the professionals at TaxMedics. We can take a look at your receipts and your situation to determine if these improvements will actually count for this kind of deduction.
There are some special situations where you may be able to get the medical expense deduction in unusual situations as you are growing a family. Some in-vitro fertilization treatments are qualified under this kind of deduction. Pregnancy tests can be written off if you have a receipt or if they were done in the medical professionals’ office. Many new mothers are also able to write off the cost of purchasing a breast pump to use in helping to feed their babies when it comes to tax time. While it may not count as a medical deduction, it is also possible to claim a credit back when your family decides to grow through adoption.
Many taxpayers decide through the year that it is best to start improving their lives. They may choose to go on a new diet, such as a gluten free diet, to help them to get rid of upset diets and other health issues. If you do go on a gluten free diet, you are able to claim some of the extra expenses that come with this diet. Our professionals at TaxMedics will help you to figure out the differences between a regular diets food and a gluten free diets food so you can claim the right deduction.
There are also other types of life improvement that you are able to claim on your tax return. If you have finally decided that it is time to stop smoking, you may be able to claim the costs of any programs or medications that you used in order to help you stop smoking. In addition, if you used medications that included hormone therapies or any herbal supplements that help out with migraine headaches, you can consider adding these under the medical expenses.
There are a lot of different deductions that you can claim under the medical expenses deduction in unusual situations and the professionals at TaxMedics can help you to get all of them that you deserve. If you choose to get eye surgery to make it easier to see, wear hearing aids and have to pay for the new batteries on your own, or you wear a wig due to losing your hair from your age or from a disease, you can talk to our professionals about getting these claimed on your tax return. Some of the other items that you can consider for reducing your tax bill include:
Before claiming any medical expense on your tax return, it is important to talk to the professionals at TaxMedic. We will be able to help you determine whether you can claim these medical expenses and how much you are able to deduct from your taxes. Many taxpayers make mistakes in their calculations or assume they are able to get deductions on items that are not eligible. Our professionals will be able to help you get all the deductions that you deserve while avoiding any that could get you in trouble.
Whether you have medical expenses you would like to claim on your tax return or any other questions, make sure to contact Shannel Reed at TaxMedics in Kennewick, WA. Our professionals are here to help you out with all your tax needs, no matter how big or small.
Shannel Reed