Cancer Medical Tax Deductions

taxesFiling taxes can be a grueling experience. It’s important to gather all your  medical receipts for reimbursement. If you are unsure as to what cost are tax deductible contact your local Internal Revenue Service office or an accountant or tax consultant to find out which costs are tax deductible. Look in your telephone directory or go to http://www.irs.ustreas.gov.

There are also website that let you file your taxes for free (federal). Usually there is a smal fee associated with fiing your state taxes. Read the website of your choice carefuly before submitting your tax information.

The federal government places a minimum on the medical expenses you must accrue in a given year to deduct them on your taxes. They must exceed 7.5% of your adjusted gross income.

What’s Deductible?

The IRS has a fairly broad interpretation of what qualifies as an eligible medical expense. More than just co-pays and prescriptions, it can include just about any expenses incurred as a direct result of medical or dental care. A full explanation is available in IRS Publication 502, “Medical and Dental Expenses.”

For a breast cancer patient, examples include:

  • Transportation to and from treatment, and lodging if an overnight stay was required
  • Wigs purchased after hair loss due to illness or treatment
  • Breast reconstruction surgery after a mastectomy
  • Payments made to a smoking cessation program, but not for over-the-counter treatments, such as nicotine gum or patches
  • Home improvements to increase accessibility, such as lowering kitchen cabinets or installing closet systems that reduce the need for high reaching
  • Physical therapy or drug therapy — such as Tamoxifen or Herceptin, prescribed during or after your breast cancer treatment — or whatever your insurance doesn’t cover

Medical costs that are not covered by insurance policies sometimes can be deducted from annual income before taxes. Examples of tax deductible expenses might include mileage for trips to and from medical appointments, out-of-pocket costs for treatment, prescription drugs or equipment, and the cost of meals during lengthy medical visits. The local Internal Revenue Service office, tax consultants, or certified public accountants can determine medical costs that are tax deductible.

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One Response to Cancer Medical Tax Deductions

  1. April Fox April 27, 2016 at 4:13 am #

    I would like to speak on behalf of my daughter she’s 27 years old. She has A3 and A5 year old. She’s suffering from cervical cancer this is her third go-round with this. She needs help desperately she has no place to live in right now and her soon-to-be ex-husband took her children away from her. He is making money off of her cancer on some funding sites that he put on his phone. His name is Quinn Williams if anybody reads that name please do not give him money. Anybody would like to give it should go to Crystal Williams in the care of April fox or we can set up a branch to Wells Fargo. I’m her mother I’ve had cancer every woman in my family has died of cancer in their fifties they all received it in their late twenties like I did. I had a double mastectomy and a hysterectomy at age 31. We need to stop this ugly disease from spreading but even worse we need to stop other people from making money off of it. I will find the side he’s on and I will let him know that he is a fake. She could use housing and a car she has neither she’s staying with me off and on but they won’t let her stay here all the time or I will lose my section 8 housing. If anybody knows of any place that will help or if they can help please let me know thank you for reading this God bless.

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