Medical

Tax Cuts for Wage-Earners

August 18, 2010

Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?” Share this:

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Dealing with Addicts

July 15, 2010

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Today TaxMama hears from someone who will remain anonymous. She was shocked to learn that her man has been secretly abusing drugs for several years. When asked where he got the money? She admitted that he had gained access to an ATM card on an account she wasn’t watching and had depleted that account. Share [...]

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Substance Abuse

April 15, 2010

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Today TaxMama hears from Chris in the TaxQuips Forum, with a common problem. “It was mentioned by TaxMama on a news website today that money spent on substance abuse treatment is deductible as medical expenses. My 24 year old son has been in different forms of treatment over the last 4 years. While he was a dependant [...]

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H&R Block Radio Show – Tax Tips for Individuals

March 29, 2010

Listen here - Tax Tips for Individuals Read the script of the show below: PROGRAM 1: Tax Tips for Individuals Originally aired: Thursday, March 25 10:00 a.m. – 11:00 a.m. EDT Introduction – Tax Mama Welcome and Introductions o Thanks for joining § Introduce hosts: § Chris Wilson, Master Tax Advisor o Wilson has been [...]

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Exotic Medical Travel

February 25, 2010

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Today TaxMama hears from Kathy in the TaxQuips Forum with this interesting question. “My client and his young son traveled to Qingdao, China last year for the transplant of umbilical cord blood stem cells from my client’s daughter, for the treatment of quadriplegic cerebral palsy, at the Beike Biotech section of the hospital. Are the [...]

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Prepaid Medical Insurance

February 9, 2010

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Today TaxMama hears from Elaine in the TaxQuips forum, who tells us. “I have a client that is retiring now at age 55. He will receive $185,000 in deferred compensation. The company will withhold $111,000 for lifetime medical insurance for him. Can the whole $111,000 be deducted in the year paid?” Share this:

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IRS News – Seven Tax Tips for Disabled Taxpayers

February 5, 2010

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Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may [...]

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Medical Amendment

February 9, 2009

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Today TaxMama hears from Angie in North Carolina. She tells us, “I have already filed my taxes. I had enough in medical bills to file, but didn’t realize until I had already filed. Gross income was $30,000 and my medical bills out of pocket were $2,400 (which is very unusual). Would be worth while to [...]

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Medical Pool

October 15, 2008

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Today TaxMama hears from Angela in Georgia with this story. “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her. It has not increased the value of home. [...]

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Handicap Deck

August 18, 2008

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Today TaxMama hears from Carrie in Vermont who says, “I have a handicapped son. This spring we built a deck with ramp onto our house. I have heard that the deck cannot be taxed for property tax purposes because of this. Is that true?” Share this:

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