kate309
New Member

Can i claim loss when insurance reimbursement is less than my fee? I charge $125 per hour and insurance reimburses me $60

I am a therapist and charge $125 per hour 

Opus 17
Level 15

Get your taxes done using TurboTax

No.  Your "loss" is the fact that you have less taxable income to pay tax on.   You already pass less tax -- you can't take a deduction from income you don't get.  

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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