Is this deductible medical expenses?

Collapse
X
 
  • Time
  • Show
Clear All
new posts

  • Toobusy
    replied
    Medical Deductions

    Originally posted by taxea
    Did he pay the premiums for the LTC insurance?
    It does not matter who paid the premium!! He can still claim the portion that was not reimbursed by the health insurance company. That portion can be claimed as a medical expense subject to the 10% of income reduction. Also, he will need to have enough deductions to use Schedule A.

    Leave a comment:


  • taxea
    replied
    Did he pay the premiums for the LTC insurance?

    Leave a comment:


  • Kram BergGold
    replied
    My opinion

    If the LTHC policy kicked in, I think that is sufficient to say the care paid for by the family qualifies for a medical deduction.

    Leave a comment:


  • TAXNJ
    replied
    Do a search for "Long Term Care" on prior posts for information that you may decide that will help. See one of many below:

    Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.

    Leave a comment:


  • MANDAN
    started a topic Is this deductible medical expenses?

    Is this deductible medical expenses?

    Taxpayer's wife has Alzheimer. He has long term care insurance. He hired care taker to his house, paid care taker wages. Long term care insurer reimburse him for part of the expenses. The part not reimbursed by long term care ins, is it deductible medical expenses?
Working...