If you paid medical and dental expenses for yourself, your spouse and your qualifying dependents, you may be able to deduct them on your tax return. The IRS defines medical expenses as the costs of diagnostic, treatment, mitigation or prevention of disease and the costs of treatment affecting any part or function of the body. These expenses must be primarily to prevent or … [Read more...] about Schedule A: Medical Expenses You May Deduct
Health Insurance
OTC Drugs and Medicines Affected by the Health Reform Act
I have always utilized my Health Flexible Savings Account (HFSA) from work because it is very generous when it comes to getting tax breaks. I have saved tax dollars year after year for items such as over-the-counter medicines, insurance co-pay deductibles, eye care and other health expenses that are normally not covered by my insurance coverage. You see, taking advantage of the … [Read more...] about OTC Drugs and Medicines Affected by the Health Reform Act
How The Health Reform Act Affected My Employee Benefits
It’s that time of the year again for our employee benefits annual enrollment, which is on October 1 thru October 30, 2010, and I just received a newsletter which includes the preview of the upcoming changes. The annual enrollment from my work allows me to make changes on the following benefits: Health Insurance Dental Insurance Accidental Death and Dismemberment … [Read more...] about How The Health Reform Act Affected My Employee Benefits