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7.5% Rule


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#1 Irenec

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Posted 08 August 2006 - 06:55 AM

What is meant by- Tax deductable 7.5% rule?

Irenec

Edited by Irenec, 08 August 2006 - 06:55 AM.


#2 livewriter

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Posted 08 August 2006 - 08:27 PM

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............
GUSTAVO
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Blog: gustavo.quadlove.com
Yahoo ID: livewriter
gustavo@quadlove.com




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