Are You in the Process of Filing Your Taxes?

Be aware that a large number of medical and dental expenses are tax deductible depending on your Adjusted Gross Income and Age. Using a Schedule A (Form 1040), you can deduct the part of your medical and dental expenses that is more than 10% of your adjusted gross income (AGI). But if either you or your spouse was born before January 2, 1949, you can deduct the amount of your medical and dental expenses that is more than 7.5% of your AGI.

Be sure to bring this up with your accountant… no need to give the IRS more money than you owe them! For a detailed list of qualifying medical and dental expenses check out Department of the Treasury, Internal Revenue Service: Publication 502 – Medical and Dental Expenses (Including the Health Coverage Tax Credit) @ https://www.irs.gov/pub/irs-pdf/p502.pdf.