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Deductions & credits
Only what they take actually take out of your paycheck for the year to cover the bills which is unlikely to be the full $9K+. The wage assignment may go on for several years until the bills are paid in full. You deduct the amount taken out each year as a medical expense for that year. To get any tax benefit, you would need to itemize and your itemized deductions would have to exceed your standard deduction.
‎February 8, 2024
12:27 AM