@Cris wrote:
In Turbo Tax under Medical Deductions, it shows $50 per day per person. It does not allow for actual expenses and dates for lodging, just the daily allowance. So does it matter whether the actual expenses were paid in late 2023 or in 2024? The lodging actually happened in January 2024, but the hotel and AirBnb required I pay at time of booking the lodging.
Because taxpayers are considered to use cash-basis accounting, the expense is deductible when actually paid. Lodging expenses paid in 2023 would be deductible on the 2023 tax return. (To consider an expense as paid when it occurs, rather than when actually paid, is called "accrual" based accounting procedures, some businesses use this but individuals do not.)
