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Tax Question
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Tax Question
by bikerchic777 » Mon Mar 26, 2012 1:53 am
I read that I can deduct my medical expenses if they are at least 7.5% of my adjusted gross income. If I'm already getting all of the taxes I paid in back, will it do anything for me?
Linda, Rags, and Brutus full-timing it in our 2017 Winnebago Micro Mini, Thumbelina.
When life throws you a curve, lean into it!
When life throws you a curve, lean into it!
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bikerchic777 - Posts: 1300
- Joined: Tue Jan 12, 2010 9:17 pm
- Location: Keystone, SD
Re: Tax Question
by Sandersmr » Mon Mar 26, 2012 8:10 am
Do you have any other deductions? To get the medical expense deduction you have to use Schedule A for deductions. It wouldn't hurt to run the calculations but I have a feeling it won't make a difference.
Maggie, Oscar and Jasmine (and sometimes Mark)
2002 F-150 Supercrew
2010 Sportsmen Classic 16BH
2002 F-150 Supercrew
2010 Sportsmen Classic 16BH
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Sandersmr - Posts: 1526
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Re: Tax Question
by bikerchic777 » Tue Mar 27, 2012 12:20 am
You were right, Maggie. I ran the numbers, but Turbo Tax kicked out the medical expenses. I remember my tax lady trying it for me before and she said you almost have to have something catastrophic happen to use medical expenses. With EIC, I am still getting back more than I paid in taxes, so that feels pretty good! Plus, I qualified to file for free for both federal and MI state. It was a good day 
Linda, Rags, and Brutus full-timing it in our 2017 Winnebago Micro Mini, Thumbelina.
When life throws you a curve, lean into it!
When life throws you a curve, lean into it!
-
bikerchic777 - Posts: 1300
- Joined: Tue Jan 12, 2010 9:17 pm
- Location: Keystone, SD
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