Medical Costs
on Your Tax Returns
Even with good insurance, people can incur many out-of-pocket
expenses for treatment and follow-up care for cancer.
One way to recoup some of these expenses is to do
an itemized deduction of your medical and dental
expenses on your tax return.
By keeping track of expenses and deducting qualified items on your
tax returns, you may be able to partially recover some of the out-of-pocket
medical expenses not covered by your insurance.
For more information on deducting medical and dental expenses, look at
Publication 502 and the instructions for Schedule A of Form 1040 at www.irs.gov,
or see your accountant.
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The 7.5% Rule
You are allowed to deduct only the amount of your medical
and dental expenses greater than 7.5% of your adjusted
gross income. If your income is high or your expenses
are low, you might not benefit from an itemized deduction
of medical expenses.
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UNDERSTANDING CANCER
TREATING CANCER WITH CHEMOTHERAPY
CHEMOTHERAPY SIDE EFFECTS
TREATING CANCER IN OTHER WAYS
TRACKING YOUR TEST RESULTS
UNDERSTANDING INSURANCE AND TAX ISSUES: INSURANCE TIPS
WEB RESOURCES AND ORGANIZATIONS
TOOLS FOR ORGANIZING YOUR CANCER INFORMATION
FOR CAREGIVERS
GLOSSARY OF CANCER TERMS
REGISTER FOR PROGRAMS
FOR HEALTHCARE PROFESSIONALS
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