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night_shade
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Reged: 08/26/03
Posts: 907
Loc: The State of Hockey
Re: Deducting OP purchases on taxes?
      12/11/03 02:49 PM

You don't have to be self-employed. Self-employed people generally get better tax breaks from itemizing deductions, whereas people with health insurance and employers who pay half their Social Security taxes generally do better with the standard deductions.

But there is no way of getting the OP expenses without without itemizing deductions using form 1040 and its adherent schedules. But every penny of United States OP fees and costs is potentially deductible ONLY if your total medical expenses EXCEED 7% of your income (you cannot include health insurance premiums unless you are self-employed!!!)


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Entire topic
Subject Posted by Posted on
* Deducting OP purchases on taxes? Miss_EttiKit 12/11/03 12:59 PM
. * * Re: Deducting OP purchases on taxes? night_shade   12/11/03 01:05 PM
. * * Re: Deducting OP purchases on taxes? 537   12/11/03 01:50 PM
. * * Re: Deducting OP purchases on taxes? drewsmerdel   12/11/03 02:07 PM
. * * Re: Deducting OP purchases on taxes? 537   12/11/03 02:28 PM
. * * Re: Deducting OP purchases on taxes? night_shade   12/11/03 02:49 PM
. * * Re: Deducting OP purchases on taxes? Sweetz   12/27/03 06:50 PM
. * * Re: Deducting OP purchases on taxes? night_shade   12/29/03 09:07 PM
. * * Re: Deducting OP purchases on taxes? IMSUSCOT1   12/27/03 01:05 AM

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