[Irenec]

What is meant by- Tax deductable 7.5% rule?

Irenec

This post has been edited by Irenec: 08 August 2006 - 06:55 AM

[livewriter]

Means that to claim medical deduction of taxes, your medical expenses must be at least 7.5% of your income.

Things people forget to claim:
part of mortgage or rent if your caregiver (non spouse) lives with you
part of utilities if your caregiver (non spouse) lives with you
part of utilities if you're a quad who needs constant AC for med reasons
part of food bills if your caregiver (non spouse) lives with you
part of transportation to/from work if your caregiver (non spouse) lives with you
drycleaning for work if not married

Clothing cause can't sew them yourself due to disability.....

I've been audited 6 times and came out clean on every account.........

Don't forget any renovations to home for access or mental status
And don't forget the thereputic and helper pets with their expenses............