I pay for caregivers but am reimbursed by insurance That I pay for. Can I deduct what I paid for caregivers on my tax return?
- RICKLv 71 month ago
Not if you are reimbursed 100%
If less than 100% you can deduct the difference
- STEVEN FLv 71 month ago
Medical deductions, to the extent they are available, have always been for UNREIMBURSED expenses.
- curtisports2Lv 71 month ago
You can only claim the amounts you are not reimbursed for, and even then, you probably won't meet the the threshold of 10% of adjusted gross income (AGI). If your AGI is $30,000, you would need qualified medical expenses of more than $3,000 to get a deduction for medical expenses. And even then, THAT deduction on your Schedule A might not get you anything if your total Schedule A deductions aren't more than your standard deduction.
The reality is that very few people can take medical expense deductions.
- Max HooplaLv 71 month ago
You can deduct what you pay minus the reimbursement.
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- JudyLv 71 month ago
no not if you're reimbursed.
- Anonymous1 month ago
You can only deduct your out of pocket expenses. You cannot deduct services that your insurance pays for.
- A HunchLv 71 month ago
Since you didn't PAY for them, of course not.
- ANDRE LLv 71 month ago
You cannot deduct any expenses for which you are reimbursed. Period.
If, for example, you are charged $100, and reimbursed $60, you could claim the remaining $40.
|But, if you are charged and pay $100, and are then reimbursed the full$100, you cannot deduct the difference, because there is no difference.