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Over the Counter Drugs No Longer Deductible

Posted on May 9, 2012 by Leasa Magnuson in Individual Tax

For years taxpayers have been able to claim an itemized deduction for medical expenses to the extent they exceed 7.5% of adjusted gross income. Medical care is generally defined broadly as amounts paid for diagnosis, cure, mitigation, treatment or prevention of disease. However under the Affordable Care Act any amount paid during the tax year […]

View Post Itemized deductions, Medical Expenses, Over the counter drugs

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4025 Automation Way #D1 (Map), Fort Collins, CO 80525 - Phone: 970-226-4686