If you have a chronic or severe medical condition that is costing you a lot of money, you’re likely looking for any way to alleviate that financial burden. Did you know that certain medical expenses can be deducted from your annual tax return? Valid medical care expenses include amounts paid toward the diagnosis, cure, mitigation, treatment, or prevention of disease or injury. Not only can you claim medical deductions on your own behalf, you can also deduct expenses related to medical treatment of your dependents. In that case, the dependent must have been a member of your household while the medical care occurred, or while the bills were being paid, as well as meet several other criteria.
Taxation Solutions, Inc. is Virginia Beach’s best bet when it comes to figuring out what you can and cannot deduct on your tax return. As tax resolution specialists, our goal is to ensure that you remain IRS compliant while also getting the best possible results in your dealings with the IRS. We take pride in our customer service, as well as in our expertise and experience. When you’re dealing with a medical condition, you need tax help professionals who will treat you with consideration and care.
Want to learn more about how Taxation Solutions, Inc. can assist you? Call or e-mail us today!