Are medical expenses tax deductible? Generally yes, under 2 conditions - Business Insider

South Africa News News

Are medical expenses tax deductible? Generally yes, under 2 conditions - Business Insider
South Africa Latest News,South Africa Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

You have to itemize your deductions to claim medical expenses

Medications that require a prescription, including drugs to alleviate nicotine withdrawal, as well as over-the-counter insulin

Transportation primarily for and essential to medical care, such as fare for a taxi, bus, train, ambulance, gas used for transportation by personal car, or you can deduct 18 cents per mile for medical use of your car Non-qualifying medical expenses include cosmetic surgery, gym memberships or health club dues, diet food, and non-prescription drugs .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biggest investors in One Medical before initial public offering - Business InsiderBiggest investors in One Medical before initial public offering - Business InsiderHere's how much investors, including founder Tom Lee and private equity firm Carlyle Group, stand to make as One Medical goes public.
Read more »

Store closures reached a new high in 2019 - Business Insider - Business InsiderStore closures reached a new high in 2019 - Business Insider - Business InsiderWhile 2019 saw a record number of store closures, some retailers are giving stores new value by using them to facilitate e-commerce orders:
Read more »

Joining a 'mastermind group' could help your business thrive in 2020 — here's how - Business InsiderJoining a 'mastermind group' could help your business thrive in 2020 — here's how - Business InsiderBeing a solo entrepreneur is a daunting task — but joining a mastermind group can offer some vital support.
Read more »

Receipt Bank scoops up $73 million to help businesses with digital bookkeeping - Business InsiderReceipt Bank scoops up $73 million to help businesses with digital bookkeeping - Business InsiderReceipt Bank will likely continue to attract more clients with its digital bookkeeping platform after scooping $73 million in funding.
Read more »

Recession fears are the top concern for health CEOs globally as we enter 2020 - Business InsiderRecession fears are the top concern for health CEOs globally as we enter 2020 - Business InsiderBusiness Insider Intelligence breaks down international situations that add to health market instability causing CEOs' anxiety for 2020 and beyond.
Read more »

Anderson Cooper doubled down in his feud with White House Press Secretary Stephanie Grisham, calling her statements 'kind of sad'Anderson Cooper doubled down in his feud with White House Press Secretary Stephanie Grisham, calling her statements 'kind of sad'On 'The Ridiculist,' Anderson Cooper addressed a statement Stephanie Grisham gave Business Insider claiming he doesn't respect her as a human being.
Read more »



Render Time: 2025-04-07 16:54:55