Deducting Medical Expenses off of USA Taxes 2011 and 2012

These are just some basics- please consult a tax professional to see how these potential deductions apply to your unique situation.

Check out this IRS publication: www.irs.gov/pub/irs-pdf/p502.pdf

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[TheBabybound]

I had no idea IVF would be on the list! Thanks so much, I am going to go through my bills and get them ready for HR Block. This was very helpful, Renae=thanks soooo very much.

[RenaeLaunderlife]

@TheBabybound Yes, ma'am! You are welcome. xoxo

[kyleandjessP]

You are so organized! Thank you for this. I am going to pull all of our medical bills this year and talk to my accountant. <3

[RenaeLaunderlife]

@kyleandjessP You are welcome. Thanks for sharing it on FB. <3 you. xoxo

[SubfertileFrugalista]

Awesome video and great timing. Thank you. Two questions...when you refer to costs, is that always the out of pocket cost? For example, do I use my copay amount or the actual cost? Also, do you know where to find the % if you fall in a higher tax bracket? I'm really kicking myself now that the year is over and with as sick as Wren was, tube surgery, etc. gonna be on top of it this yr!! Thanks!

[RenaeLaunderlife]

@SubfertileFrugalista I think they may have phased out the income cap. So, take your household AGI x 0.075 to get your threshold. Def talk to a CPA to verify. In 2013 I believe the threshold AGI increases to 10%.

[Tashakcooks]

Thank you again for bringing this up. I've actually gone around and collected info from the doctors/pharmacies we've used and I'm shocked at just how much we spent. When you are paying per visit it's easy to forget amounts. My husband also thanks you because that gives us an awesome medical deduction for year, lol.

[RenaeLaunderlife]

@Sarahm0130 Awesome- you won't regret it! You are welcome.

[RenaeLaunderlife]

@MrsStacieAllen Will vlog today or Sat/Sun :).

[MrsStacieAllen]

Any updates?

[Sarahm0130]

Wow that is awesome thanks so much for this info. I'm going to get me a notebook right now