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You can claim medical expenses that you paid for your parent only if you can also claim that parent as a dependent.
In order to qualify as a dependent, your parent must meet the rules for a Qualifying Dependent; they must meet ALL of these tests:
1. Relationship test: if they are your parent, they definitely meet the relationship test.
2. Gross Income Test: they must have made less than $3,650 of gross income for the year.
3. Support test: You must have provided more than half of their total financial support for the year.
4. Dependency Test: they must not qualify as a Qualifying Child. It's probably safe to assume that your parent is older than 24, so they are not a qualifying child for anyone.
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Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
Can you claim last years medical expenses on this years account if they have not been paid?
It's not a medical expense until it is paid. The year you pay it is the year you can deduct it.
Do you have to pay child support and half of medical expenses?
States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.
What bills are to be paid first from a will?
funeral expenses,, medical expenses and all other outstanding expenses which were not paid when the deceased person was still alive.
What is a low priority claim?
A claim that gets paid only after higher priority claims are paid in full. Higher priority claims can include expenses of last sickness, funeral expenses, expenses of administering the decedent's estate, and sometimes child support.
If you win a lawsuit and have to reimburse the insurance company for medical expenses can you deduct those medical expenses?
You should be able to claim the medical expenses against your income tax, but there are limitations. You may have to claim them for the year that they were incurred. Which may mean you have to re-file taxes for that year. And Medical deductions are subject to a percentage offset. Consult your attorney, who should tell you when you get your award, or consult a tax expert. I gather what happened is you had medical expenses that were originally paid by (say your) insurance company. And instead of subrogation, you continued the lawsuit and won. The money you won had to be returned to the insurance company that already paid you for it (recovered). It is all going to offset - you can't deduct the medical expense unless you claim the income from the insurance company paying you for the lawsuit. But, the easiest handling would be just like any other covered medical expense...your insurance deductible and such costs are income tax expenses if they are above the minimums (unlikely).
What are medical expenses as they're incurred mean?
This phrase means that medical expenses will be paid as the bills come in. It is impossible to know how much debt a person will have with medical expenses so it usually demanded that a party pays them as they happen.
Can you run out-of-pocket expenses from one spouse's medical plan through the other spouse's FSA plan?
Yes you can- from IRS publication 502 - Eligible FSA ExpensesSpouseYou can include medical expenses you paid for your spouse. To include these expenses, you must have been married either at the time your spouse received the medical services or at the time you paid the medical expenses.Example 1.Mary received medical treatment before she married Bill. Bill paid for the treatment after they married. Bill can include these expenses in figuring his medical expense deduction even if Bill and Mary file separate returns.If Mary had paid the expenses, Bill could not include Mary's expenses in his separate return. Mary would include the amounts she paid during the year in her separate return. If they filed a joint return, the medical expenses both paid during the year would be used to figure their medical expense deduction.Example 2.This year, John paid medical expenses for his wife Louise, who died last year. John married Belle this year and they file a joint return. Because John was married to Louise when she received the medical services, he can include those expenses in figuring his medical deduction for this year.
How does an employee who is 'paid under the table' get medical bills paid and file a workman's comp claim for an injury?
If you're getting paid under the table, which is ducking the government and not paying taxes like the rest of us do, then you are not eligible for workman's comp or medical insurance. You employer, who does not techinically employ you in the eyes of the law, has no obligation to cover your expenses.
Are hearing aids for an elderly parent tax deductible?
You can include in medical expenses the cost of a hearing aid and the batteries you buy to operate it. If you itemize your deductions using the Form 1040, Schedule A itemized deductions, you may be able to deduct your UNREIMBURSED medical expenses you paid during the year for medical care. You can only include the UNREIMBURSED medical expenses you paid during the year. Your total medical expenses for the year must be reduced by any reimbursement. You may deduct only the amount by which your total UNREIMBURSED medical care expenses for the year exceed 7.5% of your adjusted gross income. You do this calculation on Form 1040 Schedule A in computing the amount deductible. You can find the below information by going to the IRS gov website and using the search box for Publication 502 (2009), Medical and Dental Expenses
What is the average workman comp settlement for torn ligaments in the neck back and shoulder?
If the injury does not require surgery, the claim usually allows for medical treatment, including physical therapy and ergonomic equipment to prevent further injury. If the injury requires surgery, medical expenses will be paid, as will partial lost wages. If permanent loss of motion or other impairment is found, the claim may pay $5,000 to $10,000. If permanent disability is found, medical expenses will be paid along with a lifetime of lost wages. Lost wage payments may extend to a spouse or child after death.
Can your ex claim you as a dependent if you did not have earned income but you owned a house and lived with her She paid all living expenses but you paid your mortgage and other expenses on your house?
Yes. Since she has a job, she is filing her taxes on the income she received last year. If at any time, you were supported by her (in full or part), she can claim you.
