Laboratory Instruments

We are itemizing our medical expenses for 2007 due to exceeding the 7.5% of AGI for medical expenses. Can we prepay my wife’s individual health insurance premiums for 2008, so that I get credit for them in 2007? The 12 month amount would be ~$1300 and will be paid for with aftertax dollars. We should [...]

Tags: 2007, 2008, Expenses, Health, Insurance, Itemizing, Medical...., Premiums, Prepay

My bf broke his leg about 3 weeks ago. Much like the rest of the world, we live check to check and him not being able to work has given us tremendous debt. We have a house in MI and I have looked online and called several of the numbers given on the websites, getting [...]

Tags: Assistance, Expenses, Living, Look, Medical...., Where

I am looking at spending nearly $7,500 on medical and dental expenses. I have tried applying for Medi-Cal, and I do not qualify. I cannot get CMSP because I am not 21 yet. I live with my dad and I am 20 years old with low income and no assets except my truck. Are there [...]

Tags: Assistance, Dental, Expenses, Financial, Medical...., What

Do I have to have a certain percentage of my income used for medical expenses to claim them on my federal tax return?

Tags: Claim, Expenses, Income, Medical...., When

I recently changed jobs and it is a smaller company. I am paying more and more medical expenses out of pocket and I need to know how I can claim them as deductions.

Tags: Deductible, Dental, Expenses, Medical...., Prescriptions, Sorts, Therapy, What

Is there anything I can do? It doesn’t seem to make sense that medical expenses can’t be used to offset income in later years. People with the highest expenses are those who probably have the least income because they couldn’t work. Yet because medical expenses can’t be deferred the deductions go to waster. Any help [...]

Tags: Defer, Expenses, Income, Medical...., More, With, Year

The Alternative Minimum Tax may affect many people because of deductions they claimed for medical expenses (in addition to other things). I’m wondering what “medical expenses” means. Is there a even a single definition or does the criteria differ from household to household?

Tags: Alternative, Expenses, Medical...., Minimum, Subject, What