Receipts for medical-related parking

bobkoenck — Sat, 11 Jan 2025 17:44:18 GMT

Do I need to keep the receipts for parking for medical-related appointments?

Re: Receipts for medical-related parking

xmasbaby0 — Sat, 11 Jan 2025 17:51:52 GMT

If you are itemizing medical expenses, you can enter the costs of parking etc. when you go to hospitals, labs, clinics, etc. It is a good idea to save such receipts in case of an audit someday. You do not attach them to your tax return.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) 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 2024—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

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600 (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)

Re: Receipts for medical-related parking

Mike9241 — Mon, 13 Jan 2025 19:08:20 GMT

If you are going to take a medical expense deduction on schedule A, keep the receipts just in case you are audited and the agent wants verification.

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Receipts for medical-related parking

Re: Receipts for medical-related parking

Re: Receipts for medical-related parking