Contact UsMy sister is scheduled for surgery that will cost in excess of 200K for medical expenses. What amount can she deduct from her taxes? She is 55 and making less than 50K with her current employer.
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Tax Professional Answers
William Keats
It seems to me by your statement that your sister has no health insurance coverage through her employer. If she does, most of her expenses should be covered. If she does not have coverage
she will be allowed to deduct the amount that exceeds 10% of Adjusted Gross Income. However,
the amount reported as an itemized medical deduction must be paid . If she has to pay the bills herself, she should try to negotiate the fees down. An installment payment plan would work as well.
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559 weeks ago
she will be allowed to deduct the amount that exceeds 10% of Adjusted Gross Income. However,
the amount reported as an itemized medical deduction must be paid . If she has to pay the bills herself, she should try to negotiate the fees down. An installment payment plan would work as well.