If you need any help or a chat then IM/PM or email me, Chip

Author Topic: Writing off MMT on your income taxes?  (Read 1121 times)

Offline bignasty (OP)

  • Full Member
  • ***
  • SA_Chat+
  • **
  • Join Date: Apr 2016
  • Location:
  • Posts: 493
  • Reputation Power: 9
  • bignasty is new on the scene.
  • Last Login:August 08, 2020, 05:20:37 PM
  • Reduce Harm, Connect and Educate !
Writing off MMT on your income taxes?
« on: December 22, 2018, 12:08:25 AM »
Okay, so you know how you can deduct or write off (or whatever the phrase is) medical expenses if it's over a certain percentage of your income. Quick google search says "The IRS allows you to deduct qualified medical expenses that exceed 7.5% of your adjusted gross income for 2017 and 2018".

So my question to you all is: Has anybody ever deducted methadone clinic charges for tax purposes? I pay $25 a day for me and my spouse so if it's a "qualified medical expense", I definitely will meet the 7.5% of my income threshold that you have to meet for the year, especially since I only worked 6 months this year. Does anybody know if MMT qualifies as a medical expense for the IRS? If so, I should get back a pretty large tax refund because I can also deduct pharmacy costs for the entire year, office visit fees, co-pays when I eventually got insurance, etc..

Does anybody know alot about filing your income taxes? If so, what exactly does it mean to deduct qualified medical expenses that exceed 7.5% of my adjusted gross income? Do I get to reduce my taxable income by the amount of my medical expenses or how does that work? 

Tags:
 

Related Topics

  Subject / Started by Replies Last post
32 Replies
13567 Views
Last post August 07, 2018, 12:26:30 AM
by bignasty
7 Replies
4559 Views
Last post September 26, 2015, 02:36:54 PM
by Griffin
6 Replies
3431 Views
Last post November 06, 2015, 05:27:01 AM
by Smacky-Doodle 2.0
40 Replies
17336 Views
Last post December 01, 2018, 02:37:16 AM
by bobbytarantino
0 Replies
2159 Views
Last post March 19, 2016, 07:58:02 AM
by clinton
27 Replies
7877 Views
Last post June 25, 2016, 09:50:14 AM
by Griffin
6 Replies
3139 Views
Last post October 12, 2018, 10:11:52 PM
by bignasty
18 Replies
6540 Views
Last post January 04, 2019, 11:26:44 AM
by Chip
0 Replies
2040 Views
Last post December 10, 2016, 10:18:45 AM
by Chip
11 Replies
4869 Views
Last post May 21, 2017, 09:17:53 AM
by theSWPK





TERMS AND CONDITIONS

In no event will d&u or any person involved in creating, producing, or distributing site information be liable for any direct, indirect, incidental, punitive, special or consequential damages arising out of the use of or inability to use d&u. You agree to indemnify and hold harmless d&u, its domain founders, sponsors, maintainers, server administrators, volunteers and contributors from and against all liability, claims, damages, costs and expenses, including legal fees, that arise directly or indirectly from the use of any part of the d&u site.


TO USE THIS WEBSITE YOU MUST AGREE TO THE TERMS AND CONDITIONS ABOVE



Founded December 2014
SimplePortal 2.3.6 © 2008-2014, SimplePortal