Brian’s Tax Musings

First let’s talk a little about medical mileage.  This is any mileage taken for medical purposes (doctor visits, drug store to pick up medication, hospital and testing, etc. ) For 2011 the mileage rates are as follows:

Jan – June 19 Cents a Mile;  July – December 23.5 Cents a Mile.  (IRS figured it was more espensive to run a car after all.)

Obviously all Doctor, Dentist and Nursing items should be deductible.  Also nursing home and stay at home nursing care will be partly or completely deductible (check with the facility to find out what they consider deductible.) Prescription medication is also deductible.

Other frequently overlooked items are in this article by Kay Bell at Bankrate.com.  See the link below:

http://www.bankrate.com/finance/money-guides/maximizing-your-medical-deductions-1.aspx

If you have any other questions on medical, call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and I will try to answer them.

Next I will talk about what taxes are deductible on your return.

You can count on us to count for you!

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