Momentum

Plan now for 2007 tax deductions.(CHEAP TRICKS)

Momentum | December 22, 2007 | Copyright

If you're lucky enough to have great medical insurance coverage, you're still likely to have considerable out-of-pocket costs for MS that insurance won't cover. If you're not so lucky, your unreimbursed medical costs really mount up. This article will guide you on deducting some of them. To get every deduction you can and protect yourself so you'll breeze through if you get audited, you need to understand basic tax rules, take some planning steps, and keep records.

Deducting medical expenses generally

To get a deduction, your payments for medical or dental bills…

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Plan now for 2007 tax deductions.(CHEAP TRICKS)
Magazine article from: Momentum ...You must actually pay a bill in 2007 to deduct it on your 2007 return. If you pay by check...or reimburses you for it in 2007, you cannot deduct the amount...record-keeping To maximize your tax deductions, make a possible audit

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