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#1
02-15-2007, 05:25 AM
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 Re: Sched A medical deductions ques "saag" <saa...[at]yahoo.com> wrote: - quote - > My employer offers a plan where part of my salary goes into
No. You've already gotten a tax break in the form of lower> a medical reimbursement fund that's exempt from federal > taxes. When we have a medical bill, we pay the portion we > owe after insurance, then we submit what we paid to get > reimbursed from the fund. > I'm still paying what I owe out of my pocket, just with $$$ > exempt from federal taxes. Are these expenses eligible to be > deducted in Schedule A? taxable wages reported on your W-2. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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02-15-2007, 05:16 AM
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| Re: Sched A medical deductions ques "saag" <saag37[at]yahoo.com> writes: - quote - > My employer offers a plan where part of my salary goes into
No.> a medical reimbursement fund that's exempt from federal > taxes. When we have a medical bill, we pay the portion we > owe after insurance, then we submit what we paid to get > reimbursed from the fund. > I'm still paying what I owe out of my pocket, just with $$$ > exempt from federal taxes. Are these expenses eligible to be > deducted in Schedule A? You're not allowed to double-dip. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
02-15-2007, 02:02 AM
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| Sched A medical deductions ques My employer offers a plan where part of my salary goes into a medical reimbursement fund that's exempt from federal taxes. When we have a medical bill, we pay the portion we owe after insurance, then we submit what we paid to get reimbursed from the fund. I'm still paying what I owe out of my pocket, just with $$$ exempt from federal taxes. Are these expenses eligible to be deducted in Schedule A? thanks << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| deductions, medical, ques, sched |
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