Friday, January 14, 2011

Claiming Dental on 2007 Taxes ? I have no insurance and pay eveything.?

If I get a statement from the dentist office can I deduct it? I was using turbo tax and saw medical / dental when I was filling everything out. I have a couple of hundred dollars from getting things fixed this year and not having insurance. Thanks
--------------------
You can only get a deduction for medical expenses if you itemize all your deductions rather than taking the standard deduction. Even if you do itemize, you can only deduct the amount of your medical expenses that are greater than 7.5 percent of your AGI. For most people, it's simply not enough to bother with.
Source

No comments:

Post a Comment