Category Archives: Medical

Last Minute Tax Tips for 2018

Today TaxMama®wants to give you some steps to take before the end of 2018. Dear Family, This year, it’s especially difficult to figure out how to reduce your taxes. The average couple is not likely to be itemizing any more. Folks with high employee business expenses won’t be able to use them. Individuals with mortgages […]

Introduction to the Trump Tax Plan

Today TaxMama® wishes you a Happy New Year, and brings you some basics about how the Trump Tax Plan will affect this filing season.

2016 Mileage

TaxMama® and Ken Jeffries interview: LISTEN TO PODCAST: Ken: It’s TaxQuips Time from TaxMama.com . Today TaxMama covers deductible mileage. What kinds of mileage are deductible by individuals and businesses? TaxMama: Actually, there are four ways to take advantage of vehicle-related deductions: Medical mileage Moving Mileage Job or business mileage Charitable mileage Ken: What are […]

Crowdfunding for Medical Costs

Today TaxMama® hears from Josh in the TaxQuips Forum with this interesting question, let me re-phrase. “I want to raise money for a family member who is ill, using crowd-funding. What’s the best way to do this with the least tax impact?”

Non-Dependent Medical Costs

Today TaxMama® hears from Robert in the TaxQuips Forum, who has this interesting question. “A self-employed father has found himself having to cover thousands of dollars of uninsured medical expenses for his 21-year old daughter. He does not claim her as a dependent. The father has paid these expenses directly to the providers – and […]

Family Caregiver

Today TaxMama® hears from KP in the TaxQuips Forum, with this question.  “My sister-in-law received a 1099-Misc with an amount in box 6 for medical health care payments for providing care for her husband, a veteran receiving VA benefits. I know the amount is taxable to the federal government, but is it subject to social security […]

Assisted Living

Today TaxMama® hears from Hollie in the TaxQuips Forum, with this concern.  “My husband had to go to an assisted living facility (following hospital and skilled nursing stays) and I understand the nursing portion of his assisted living monthly fee is a tax deductible expense. When I asked the administrator of his assisted living facility (run […]

2013 & 2014 Quick Resources

Today TaxMama® hears from Pope in the TaxQuips Forum, with a request.  “Could you publish a table showing 2013 & 2014 standard tax items. Things like standard deductions; personal exemptions; mileage rates (business, medical, charity); income limits– phaseout of itemized deductions; etc.?”

Medical Home Improvements

Today TaxMama® hears from Pia in the TaxQuips Forum, with the kind of question people often ask.  “We were wondering if it is tax-deductible to deduct the installation of hardwood floors for my autistic daughter who is severely allergic to carpet. Carpet causes uncontrolled seizures.”

Medical Mileage

Today TaxMama® hears from Scarulli in the TaxQuips Forum, with a good question.  “My husband was critically ill and hospitalized for a month in 2012. I visited him daily (sometimes more often) as that was the only way I could get information from his doctors relating to his condition. Can I deduct the mileage back […]

HSA and Medicare

(image courtesy of David Souza and www.taxbrackets.org ) Today TaxMama® hears from Anne in the TaxQuips Forum who is confused. “My husband is disabled and is on Medicare. He has a supplemental policy that we are currently paying out of my HSA. It was set up through my employer for only me. I went to the […]