Prescription Discount Program

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • TheTaxMan
    Junior Member
    • Feb 2007
    • 14
    #1

    Prescription Discount Program

    Quick question - any way to deduct the amounts paid on those numerous private discount prescription programs as prescription expenses, insurance premiums or otherwise?

    Thanks for your insights.
    Tags: None
    • Bill Tubbs
      Senior Member
      • Jan 2006
      • 495
      #2
      Sch A Medical...

      subject to 7.5% of AGI.

      Bill

        Comment

        • erchess
          Senior Member
          • Jan 2007
          • 3513
          #3
          I would agree with Bill and add

          that all the fees for Medical Discount Plans are deductible on Schedule A as Medical expenses. It would be too assertive for my blood to claim them as Self Employed Health Insurance because such plans are clearly not insurance.

            Comment

            Previous template Next

            Disclaimer

            Collapse

            This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

            Working...