Ask a CPA: Health and Medical
How do I report a confidential illness settlement?
I received a confidential illness settlement last year. Is the settlement portion that is not back pay tax-exempt? If so how do I file my return? How do I report it? What forms do I need? Help! Thank you, Ian, Boston
I received a confidential illness settlement last year. Is the settlement portion that is not back pay tax-exempt? If so how do I file my return? How do I report it? What forms do I need? Help! Thank you, Ian, Boston
Can the daily fees of a nursing home be deducted as medical expenses?
My father in-law suffers from dementia and cannot dress, go to the bathroom, or eat by himself. He lives in a nursing home where he receives assistance for all of these functions. Can the daily all-inclusive fees of the nursing home be deducted as medical expenses? Ken, Acton
My father in-law suffers from dementia and cannot dress, go to the bathroom, or eat by himself. He lives in a nursing home where he receives assistance for all of these functions. Can the daily all-inclusive fees of the nursing home be deducted as medical expenses? Ken, Acton
Can I deduct health club membership for my wife with diabetes?
My wife has diabetes. Can I deduct her health club membership as part of our medical expenses on schedule A (under the 7.5% of GI)? --Frank, Marlboro
My wife has diabetes. Can I deduct her health club membership as part of our medical expenses on schedule A (under the 7.5% of GI)? --Frank, Marlboro
Can I deduct COBRA premiums?
I work as an independent contractor. I still access health insurance through my previous employer's COBRA plan. Am I allowed to deduct the premiums? --John
I work as an independent contractor. I still access health insurance through my previous employer's COBRA plan. Am I allowed to deduct the premiums? --John
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