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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
No there is not a way to preemptively inform the IRS as to why your father has high medical expenses for 2017. They do not read notes, etc. Enter the medical expenses paid in 2017. If there are any questions (unlikely) they will request information. It is not unusual for elderly people to have high medical expenses.
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
No there is not a way to preemptively inform the IRS as to why your father has high medical expenses for 2017. They do not read notes, etc. Enter the medical expenses paid in 2017. If there are any questions (unlikely) they will request information. It is not unusual for elderly people to have high medical expenses.
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
- Mark as New
- Bookmark
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- Subscribe to RSS Feed
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Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
- Mark as New
- Bookmark
- Subscribe
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- Report Inappropriate Content
Dad in memorycare. have med form 1823, etc. Believe all cost med. deduct. (after 7.5%). will keep docs. anything to give to IRS as this is big change from '16.
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