I read this post this morning and felt it would benefit people with chronic illnesses at large. It is written by Sherryl Kinglehofer, an advocate for Parkinson's disease. Thank you Sherryl, for permission to post this here at Parkinson's Journey.
January 5, 2013 at 9:00am
ALRIGHTY! for the third year, HERE IT IS—My UPDATE SYNOPSIS FROM THE FEDS ABOUT INCOME TAX MEDICAL DEDUCTIONS! (for the whole section, link here: http://www.irs.gov/pub/irs-pdf/p502.pdf )
Medical and dental expenses. Beginning January 1, 2013, you can deduct only the part of your medical and dental expenses that exceed 10% of your adjusted gross income (AGI) (7.5% if either you or your spouse was born before January 2, 1949).
Standard mileage rate. The standard mileage rate allowed for operating expenses for a car when you use it for medical reasons is 24 cents per mile. See Transportation under What Medical Expenses Are Includible.
Federal tax benefits for same-sex married couples. For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. For more information, see Publication 501, Exemptions, Standard Deduction, and Filing Information”
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“What Are Medical Expenses?
Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.
These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.
Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. They do not include expenses that are merely beneficial to general health, such as vitamins or a vacation.
Medical expenses include the premiums you pay for in-surance that covers the expenses of medical care, and the amounts you pay for transportation to get medical care. Medical expenses also include amounts paid for qualified long-term care services and limited amounts paid for any qualified long-term care insurance contract”
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These are things I found that look to be things persons with Parkinson's/Neurological disorders might have used…
I have put some things in bold type that should take your attention!
Acupuncture (lots of health plans cut off after a few sessions and I know some PD folks say it helps)
Body Scan (will this cover dopamineric imaging? It can distinguish between PD and several other neuro disorders)
Capital Expenses (go to the link below to see what this is! You can deduct things like ramps and handrails installed in your home)
Crutches (can you deduct canes???)
Disabled Dependent Care Expenses
Guide Dog or Other Service Animal
Health Maintenance Organization (HMO)
Medicare B, D
Lifetime Care—Advance Payments
Lodging (for medical reasons)
Meals (when travelling for medical reasons)
Medical Conferences (for you/spouse with the chronic illness—cool! deduct PD conferences?)
Medical Information Plan
Physical Examination (annual)
Psychiatric Care, Psychologist (I include these because so many medical plans do not cover depression counseling—and BOO, HISS to them!)
Stop-Smoking Programs (prescription)
Telephone (not just hearing impaired, but speech impairment?)
Therapy (as medical treatment)
Transportation (to/from medical care)
Weight-Loss Program (if for treatment of specific medical problem)