by Paula Kennedy, EA | Jun 28, 2021 | Tax
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional Medicare premiums to get the level of coverage you want. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But there may...
by Paula Kennedy, EA | Dec 16, 2020 | Tax
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. But with proper planning, you may be able to time discretionary medical expenses to your...
by Paula Kennedy, EA | Mar 19, 2018 | Tax
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily...
