tax question
brokenarrow
Join Date: Jan 2004 Posts: 1288 Wisconsin |
2006-02-09 124305
Any of you accountants here know if over the counter medications "count" towards the medical deduction?? (I hope I made my question clear enough)?
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tax question
wingwiper
Join Date: Jun 2004 Posts: 676 |
2006-02-09 124315
All Dental or Medical payments are deductable, including your weekly Health Insurance payments, Medications, co-pays, Physicals etc etc. Once added all up if it surpasses the automatic deductible you take which ever is the greatest or do as I did, buy a copy of Taxcut and just answer the questions..... ....
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tax question
Billy
Join Date: Oct 1999 Posts: 975 Southeast Oklahoma Pics |
2006-02-09 124319
Except for insulin, you cannot include in medical expenses amounts you pay for a drug that is not prescribed. ....
Link: Publication 502-Medical and Dental Expenses
 
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tax question
WillieH
Join Date: Feb 2003 Posts: 543 New England Pics |
2006-02-10 124324
I know I am twisting this abit, but it is tax season, and this came from a friend - thought I would share....
Enclosed you will find my 2005 tax return showing that I owe $3,407.00 in taxes. Please note the attached article from the USA Today newspaper; dated 12 November, wherein you will see the Pentagon (Department of Defense) is paying $171.50 per hammer and NASA has paid $600.00 per toilet seat.
I am enclosing four (4) toilet seats (valued at $2,400) and six (6) hammers valued at $1,029), which I secured at Home Depot, bringing my total remittance to $3,429.00. Please apply the overpayment of $22.00 to the "Presidential Election Fund," as noted on my return. You can do this inexpensively by sending them one (1) 1.5" Phillips Head screw (see aforementioned article from USA Today newspaper detailing how HUD pays $22.00 each for 1.5" Phillips Head Screws). One screw is enclosed for your convenience.
It has been a pleasure to pay my tax bill this year, and I look forward to paying it again next year.
Sincerely,
A Satisfied Taxpayer ....
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tax question
kubotaguy
Join Date: Nov 2003 Posts: 360 Shepherdstown, WV |
2006-02-10 124327
Just remember there are two things the IRS doesn't have:
1. A sense of humor
2. A bad memory
They will get their money, it's just a matter of whether or not you want to pay them extra to get the money you owe them via penalties and fines. ....
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