Medical deduction??
Okay on publication 502 for medical and dental deductions it states below the section "what expenses can you include this year" that you can include expenses that you compensated this year (2007) regardless of when the services were provided. ok so very soon on to my question.. Can i reduce by the payments that i made to various places for medical and dental .. for example i have a hospital bill from 2006 that i paid several payments on contained by 2007 can i deduct the amount that i rewarded in 2007..?? Hope this make sense.. My brain is a little scrambled from working on my taxes lol..Answers: That is exactly what it vehicle.
In simpler words, it doesn't matter when the bill be created (service performed) it only issue when you pay it, so 2007.
Remember 2 things: 1, you singular claim the expenses IF you itemize and IF you have expenses MORE than 7.5% of your Adjusted Gross Income (from your excise form)
and 2- all non-prescription over the counter medication can be included if you have receipts. So, Tylenol, Advil, Benadryl, Sudaphed, Maalox etc.
As long as you salaried them in 2007 you can reduce by the expenses in 2007.
It doesn't thing when the services were provided. I've even pre-paid dental expenses surrounded by the past to capture the totals up high ample to claim a medical expense deduction.
Bostonian is correct, as usual, but Gem is not correct in the region of non-prescription drugs. here is a link to the instructions for Sch A.
http://www.irs.gov/pub/irs-pdf/i1040sa.p...
How do I find out if I owe taxes from last year?
Answers: Try this estimate calculator: http://www.hrblock.com/taxes/tax_calcula...
do ur 1040 form it will tell u.
Taxes - im 23 and live near my parents and just go to institution for 4 months oout of second year. my father desires
to claim me as a dependent. my understanding is that i do not qualify. if he tries will they consent to him? even though i didnt go to arts school for 5 months?Answers: Although you do pass the age testing of being lower than 24, you do not qualify as the allowable student because you were lone a student for 4 months out of the year.. if you had gone to academy for 5 months, you would have be a qualified dependent for your Dad. Your Dad can claim you.. but if he gets audited, he will be asked to prove your student status during the year 2007 and next it will probably be kicked back as barred. Hope this helps. Best Wishes!
Info can be found at the below site
http://taxes.about.com/od/dependents/Cla...
Since you did not attend institution as a full-time student for at least piece of 5 months in 2007 he cannot claim you as a dependent below the Qualifying Child rule.
However he may still be able to claim you lower than the Qualifying Realteve rule if:
1. You lived in his home adjectives year.
2. You had smaller amount than $3,400 in gross income for the entire year.
3. He provided more than partially of your support for the entire year.
If he's entitled to claim you then you may not claim your personal exemption even if he does not claim you.
If he's barred to claim you but does anyway, the IRS will investigate the matter if you claim your personal exemption and will resolve the issue according to the statute. In that case, he'd win a bill for the extra taxes due due to the loss of the exemption claim.
As long as your Dad can prove he's provided for you he should be able to claim you, but you can't claim you.
Check next to your tax empire they will ask the right questions to know, in recent times make sure he take your w2 with him
If you are only just looking to claim yourself and get your money final, I would think twice up to that time trying to stand your ground on it, is the couple hundred you'll get pay for going to pay for your upkeep if he say go live somewhere else, I suggest keeping the peace so you can maintain a roof over your head.
Not judge you, just axiom might be easier to live with him if you tolerate him have his means of access.