As if that wasn’t enough to make you happy (and healthy), peep this tax tip—you can actually deduct your commute to the doctor’s office and pharmacy she is directing you to. Be diligent about jotting down your mileage because 18 cents a mile just to stay healthy should never be disregarded.
Make sure you remember to write off your health insurance premiums, and prescription eyeglasses, contacts and hearing aids if you’re hard of seeing or hearing.
Eligibility: Total medical expenses should exceed 7.5% of AGI, or your before-tax income (including wages, interest, capital gains, income from retirement accounts, alimony paid to you) minus specific deductions (including contributions to deductible retirement accounts, alimony paid by you); it’s the number you write at the bottom of page 1 of your 1040 form.
Hard work finally recognized.
Bitter about driving around town to pick up those reports for your boss every day? Well, guess what, any out-of-pocket job expenses that are not reimbursed by your employer are deductible, including car and travel expenses, uniforms and union dues. Be sure to record your mileage to take advantage of the 48.5 cents per mile payback.
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