QP2008-R6: Missing Tax Line Item for Medical Ins Premiums?

Posted by Margaret on February 2, 2008, 3:09 pm

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Has anyone else noticed there's no longer a tax line item for medical
insurance premiums in Quicken? There was in QP2007.... I sure could
use a tax line item for "other medical expenses" too.

I've pored through the list of line items, even the extended list, and
all I see are:

Schedule A:
medicine and drugs
doctors, dentists and hospitals
medical travel and lodging
medical mileage (way far down the list)

I even installed a fresh copy of QP2006-R1 on a test machine to make
sure my categories hadn't somehow become corrupted, and indeed there is
no line item for medical insurance premiums.

And BTW, since there's a line item for medical mileage, has anyone found
a good way to track medical mileage using Quicken?

Thx and Regards,

Margaret

Posted by Oilcan on February 2, 2008, 3:55 pm

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Hi Margaret!

I see the same as you. I think it is due to the Tax Form being very simple
on Schedule A (most people can not exceed the 7.5% AGI Limit. You should
probably (no tax expert here) Medicine and Drugs which seems to be the catch
all. There is an Other Category on the tax form, but not available in
Quicken.

I personally set-up my "tax" categories so that I can easily run a report
(and validate). I do not use an import function. Nor do I use Turbo Tax.

For the Medical Mileage - you could just accrue and entry for every
appointment. For example, when I record the Co-Pay for my Doctor - 3 miles
and $0.20 (or what ever is the correct rate) and back that out of your Fuel
Cost.

I kept very detailed records of my Medical last year - but I didn't exceed
the 7.5% AGI calculation. Guess I was not sick enough...(and thank God for
good insurance!!!!!!)

Oilcan

> Has anyone else noticed there's no longer a tax line item for medical

> insurance premiums in Quicken? There was in QP2007.... I sure could use

> a tax line item for "other medical expenses" too.

> I've pored through the list of line items, even the extended list, and

> all I see are:

> Schedule A:

> medicine and drugs

> doctors, dentists and hospitals

> medical travel and lodging

> medical mileage (way far down the list)

> I even installed a fresh copy of QP2006-R1 on a test machine to make sure

> my categories hadn't somehow become corrupted, and indeed there is no line

> item for medical insurance premiums.

> And BTW, since there's a line item for medical mileage, has anyone found a

> good way to track medical mileage using Quicken?

> Thx and Regards,

> Margaret

Posted by Donald Sessler on February 2, 2008, 7:47 pm

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> Hi Margaret!

> I see the same as you. I think it is due to the Tax Form being very

> simple on Schedule A (most people can not exceed the 7.5% AGI Limit. You

> should probably (no tax expert here) Medicine and Drugs which seems to be

> the catch all. There is an Other Category on the tax form, but not

> available in Quicken.

> I personally set-up my "tax" categories so that I can easily run a report

> (and validate). I do not use an import function. Nor do I use Turbo Tax.

> For the Medical Mileage - you could just accrue and entry for every

> appointment. For example, when I record the Co-Pay for my Doctor - 3

> miles and $0.20 (or what ever is the correct rate) and back that out of

> your Fuel Cost.

> I kept very detailed records of my Medical last year - but I didn't exceed

> the 7.5% AGI calculation. Guess I was not sick enough...(and thank God

> for good insurance!!!!!!)

> Oilcan

>> Has anyone else noticed there's no longer a tax line item for medical

>> insurance premiums in Quicken? There was in QP2007.... I sure could use

>> a tax line item for "other medical expenses" too.

>> I've pored through the list of line items, even the extended list, and

>> all I see are:

>> Schedule A:

>> medicine and drugs

>> doctors, dentists and hospitals

>> medical travel and lodging

>> medical mileage (way far down the list)

>> I even installed a fresh copy of QP2006-R1 on a test machine to make sure

>> my categories hadn't somehow become corrupted, and indeed there is no

>> line item for medical insurance premiums.

>> And BTW, since there's a line item for medical mileage, has anyone found

>> a good way to track medical mileage using Quicken?

>> Thx and Regards,

>> Margaret

Hi Margaret. I know Quicken does an awful lot but I have for several years
now used a Works Data Base I set up. Really answers all questions including
inputting mileage when we make doctor, pharmacy visits. End of year I run
off report and it's a snap to put in Schedule A. I should add I use Tax Act
for several years after the "root" fiasco with turbo tax and it's cheaper
and meets my and the peoples returns I do.

Posted by Margaret on February 5, 2008, 6:16 pm

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Donald Sessler wrote:

> Hi Margaret. I know Quicken does an awful lot but I have for several years

> now used a Works Data Base I set up. Really answers all questions including

> inputting mileage when we make doctor, pharmacy visits. End of year I run

> off report and it's a snap to put in Schedule A. I should add I use Tax Act

> for several years after the "root" fiasco with turbo tax and it's cheaper

> and meets my and the peoples returns I do.

I've been using TaxAct since the "root" fiasco too. I always order the
next year's TaxAct package when I e-file my taxes. This year, however,
I happened to get a free copy of TTax Premium, so I intend to do my
taxes with both products and compare the two side-by-side.

Your Works db sounds fantastic. You wouldn't by any chance be willing
to share it, would you? ;-)

Thx and Regards,

Margaret

Posted by Donald Sessler on February 5, 2008, 10:41 pm

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> Donald Sessler wrote:

>> Hi Margaret. I know Quicken does an awful lot but I have for several

>> years now used a Works Data Base I set up. Really answers all questions

>> including inputting mileage when we make doctor, pharmacy visits. End of

>> year I run off report and it's a snap to put in Schedule A. I should add

>> I use Tax Act for several years after the "root" fiasco with turbo tax

>> and it's cheaper and meets my and the peoples returns I do.

> I've been using TaxAct since the "root" fiasco too. I always order the

> next year's TaxAct package when I e-file my taxes. This year, however,

> I happened to get a free copy of TTax Premium, so I intend to do my

> taxes with both products and compare the two side-by-side.

> Your Works db sounds fantastic. You wouldn't by any chance be willing

> to share it, would you? ;-)

> Thx and Regards,

> Margaret

Certainly would. I'm somewhat of a novice on this and I assume you have
Works. Be glad to send you an abbreviated file of my data but need to know
your email address etc..
Don