{"id":57742,"date":"2019-02-06t12:00:15","date_gmt":"2019-02-06t17:00:15","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=57742"},"modified":"2019-02-08t13:08:16","modified_gmt":"2019-02-08t18:08:16","slug":"medical-and-dental-expenses-what-can-you-deduct","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/02\/06\/medical-and-dental-expenses-what-can-you-deduct\/","title":{"rendered":"medical and dental expenses: what can you deduct?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/mantakingpillscaretaker_cbi-0216-005_014_190413.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-49837\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/mantakingpillscaretaker_cbi-0216-005_014_190413-424x282.jpg\" alt=\"man taking medication from caretaker\" width=\"424\" height=\"282\" \/><\/a>insurance premiums can be deducted &#8230; in part.<\/strong><\/p>\n<p><i>by barry j. friedman, cpa<\/i><br \/>\n<a href=\"https:\/\/industrynewsletters.com\/partnerships-opportunities\/cpa-firm-digital-marketing-platform-cpatrref\/\"><i>industrynewsletters<\/i><\/a><\/p>\n<p>can your clients deduct medical and dental expenses? that&#8217;s a complicated question.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2019\/01\/30\/beware-the-taxes-of-self-employment\/\">beware the taxes of self-employment<\/a> | <a href=\"\/\/www.g005e.com\/2019\/01\/23\/6-key-facts-about-excise-taxes\/\">6 key facts about excise taxes<\/a> | <a href=\"\/\/www.g005e.com\/2019\/01\/02\/gifts-to-charity-6-facts-about-written-acknowledgments\/\">gifts to charity: 6 facts about written acknowledgments<\/a> | <a href=\"\/\/www.g005e.com\/2018\/12\/12\/yes-home-equity-loans-may-still-be-deductible\/\">yes, home equity loans may still be deductible<\/a> | <a href=\"\/\/www.g005e.com\/2018\/11\/28\/social-security-hike-the-largest-in-7-years\/\">social security hike the largest in 7 years<\/a> | <a href=\"\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/\">basis: turning a common client question into new business<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2019\/02\/06\/medical-and-dental-expenses-what-can-you-deduct\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>to start with, their deductions must exceed 7.5 percent of their adjusted gross income. and they have to fall into an irs-approved category.<br \/>\n<!--more--><br \/>\ndeductible medical expenses may include, but aren\u2019t limited to the following:<\/p>\n<ul>\n<li>payments of fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists and nontraditional medical practitioners<\/li>\n<li>payments for inpatient hospital care or residential nursing home care, if the availability of medical care is the principal reason for being in the nursing home, including the cost of meals and lodging charged by the hospital or nursing home. however, if medical care isn\u2019t the principal reason for the nursing home stay, then the deduction is limited to medical care costs only.<\/li>\n<li>payments for acupuncture treatments or inpatient treatment at a center for alcohol or drug addiction, for participating in a smoking-cessation program, and for drugs to alleviate nicotine withdrawal that require a prescription<\/li>\n<li>payments to participate in a weight-loss program for a specific disease or diseases diagnosed by a physician, including obesity; but not ordinarily payments for diet food items or the payment of health club dues<\/li>\n<li>payments for insulin and payments for drugs that require a prescription<\/li>\n<li>payments made for admission and transportation to a medical conference relating to a chronic disease that you, your spouse or your dependents have (if the costs are primarily for and essential to necessary medical care). however, you may\u00a0<strong>not<\/strong>\u00a0deduct costs of meals and lodging while attending a medical conference.<\/li>\n<li>payments for false teeth, reading or prescription eyeglasses or contact lenses, hearing aids, crutches, wheelchairs, and for a guide dog or other service animal to assist the visually impaired or hearing-disabled person, or for a person with other physical disabilities<\/li>\n<li>payments for transportation primarily for and essential to medical care that qualifies as medical expenses \u2013 payments of the actual fare for a taxi, bus, train, ambulance or for transportation by personal car to include the amount of your\u00a0<strong>actual<\/strong>\u00a0out-of-pocket expenses, gas, oil, etc. standard mileage rate for medical expenses, plus the cost of tolls and parking apply as well.<\/li>\n<\/ul>\n<p>payments for insurance policy premiums that cover medical care or for a qualified long-term care insurance policy are both deductible, but there are some caveats:<\/p>\n<ul>\n<li>if you\u2019re an employee, don\u2019t include in medical expenses the portion of your premiums treated as paid by your employer under its sponsored group accident, health policy or qualified long-term care insurance policy.<\/li>\n<li>don\u2019t include premiums that you paid under your employer-sponsored policy under a premium conversion policy (pre-tax), paid by an employer-sponsored health insurance plan (cafeteria plan) or any other medical and dental expenses unless the premiums are included in box 1 of your form w-2, wage and tax statement.<\/li>\n<\/ul>\n<p>only include medical expenses paid during the year and use the expenses only once on the return. reduce your total deductible medical expenses by any reimbursement, whether you receive the reimbursement directly or it\u2019s paid on your behalf to doctors, a hospital or other medical provider.<\/p>\n<p>finally, note that the\u00a0threshold rises to 10 percent for 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>insurance premiums can be deducted &#8230; in part.<\/strong><br \/>\n<em>by barry j. friedman, cpa<\/em><br \/>\n<em><a href=\"https:\/\/industrynewsletters.com\/partnerships-opportunities\/cpa-firm-digital-marketing-platform-cpatrref\/\">industrynewsletters<\/a><\/em><\/p>\n","protected":false},"author":2980,"featured_media":56041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,1363,3120,3002,2246],"tags":[],"class_list":["post-57742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-featured","category-pro-member-exclusive","category-special","category-busy-season"],"acf":[],"yoast_head":"<!-- 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