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Nov 16, 2020Medical & Dental Expenses
If you are itemizing your deductions (using Schedule A), you can report your medical and dental expenses. The amount of your total medical expenses that you paid for yourself, your spouse, and your dependents during the taxable year must exceed 7.5% of your adjusted gross income. The IRS states that all medical care expenses include […]
adminNov 16, 2020Charitable Donations
You can only claim your charitable donations if you are itemizing your deductions. However, your organization must qualify for a tax deduction. To find out if it qualifies, use the IRS tool by clicking here. That being said, you must keep a record of cash, check or other monetary gift contributions. For example, you will […]
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