Try preparing a return for someone who's a private-pay patient in a skilled nursing facilility or Alzheimers unit. In those cases you're usually dealing with $60K/year at a minimum. Even qualifying assisted living will usually start at around $40K/year.
Medical deduction or not
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phsseouts raised way up
Please note, by the way, that the 2009 phaseouts have been raised way up, by the "American Opportunity" (Education) Tax Credit put into the economic stimulus law, to phaseout from $80K to $90K for single and from $160K to $180K for MFJ.Last edited by OtisMozzetti; 09-12-2009, 12:30 PM.Comment
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Discussion does NOT involve tax credits...
(Due to income levels, the client is NOT eligible for any education tax credits based upon tuition costs and required fees, regardless of whatever portion of those required fees would be allowable for the determination of any such tax credits.)
Perhaps I did not state my initial question quite clearly enough??
I do think the answer by Bees Knees is worthy of consideration, although the phrase "health plan" might present an obstacle.
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Thansk for the heads up
ATG"Congress has spoken to this issue through its audible silence."
Anyone ever notice they beat the daylights out of the definition of a child, but they don't spend much time at all defining "parent"?Comment
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