by Paula Kennedy, EA | Jan 5, 2022 | Tax
You may pay out a bundle in out-of-pocket medical expenses each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross...
by Paula Kennedy, EA | Feb 9, 2021 | Tax
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 individual taxes. That’s understandable because your 2020 individual tax return is due to be filed in less than three months (unless you file an extension). However,...
