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Divernan

(15,480 posts)
6. I spent over $7,000, and that's just me/no spouse!
Mon Apr 6, 2015, 06:06 PM
Apr 2015

Don't forget to include your mileage, tolls, parking costs for all your trips for medical care, to pick up prescriptions at drug store, etc. Hearing aid batteries are also deductible, as well as mileage costs to drive to the store to buy them. The standard mileage for medical expenses is 23.5 cents per mile. My health insurance includes Medicare, Blue Cross/Blue Shield supplement and Long Term Care Insurance. You didn't mention dental costs/eyeglasses - don't forget those!

Also, for those of us who itemize deductions, note this change re medical deductions:

MEDICAL EXPENSES

Taxpayers will still be able to deduct their medical expenses, but it will be more difficult for many to qualify. The threshold for deducting medical expenses now stands at 10 percent of adjusted gross income, up from 7.5 percent. There's an exception, though, for those older than 65. For them, the old rate is grandfathered in until 2017.

http://www.csmonitor.com/Business/Latest-News-Wires/2014/0122/IRS.gov-New-tax-filing-changes-for-2014

So those of us over 65, can still use the 7.5 percent of AGI until 2017, but those under 65 with significant medical expenses got hit hard by this change.

And may I add it's a goddamn disgrace, and a telling measure of this country's pro-corporate priorities when you consider the varying mileage rates:

56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations
http://www.irs.gov/2014-Standard-Mileage-Rates-for-Business,-Medical-and-Moving-Announced

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