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Subject Author Date
Sched A medical deductions ques saag 02-14-2007
Posted by saag on February 14, 2007, 10:02 pm
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 My employer offers a plan where part of my salary goes into
a medical reimbursement fund that's exempt from federal
taxes. When we have a medical bill, we pay the portion we
owe after insurance, then we submit what we paid to get
reimbursed from the fund.

I'm still paying what I owe out of my pocket, just with $$$
exempt from federal taxes. Are these expenses eligible to be
deducted in Schedule A?

thanks

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Posted by Rich Carreiro on February 15, 2007, 1:16 am
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> My employer offers a plan where part of my salary goes into
> a medical reimbursement fund that's exempt from federal
> taxes. When we have a medical bill, we pay the portion we
> owe after insurance, then we submit what we paid to get
> reimbursed from the fund.
>
> I'm still paying what I owe out of my pocket, just with $$$
> exempt from federal taxes. Are these expenses eligible to be
> deducted in Schedule A?

No.

You're not allowed to double-dip.

--
Rich Carreiro rlcarr@animato.arlington.ma.us

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Bill Brown on February 15, 2007, 1:25 am
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> My employer offers a plan where part of my salary goes into
> a medical reimbursement fund that's exempt from federal
> taxes. When we have a medical bill, we pay the portion we
> owe after insurance, then we submit what we paid to get
> reimbursed from the fund.
>
> I'm still paying what I owe out of my pocket, just with $$$
> exempt from federal taxes. Are these expenses eligible to be
> deducted in Schedule A?

No. You've already gotten a tax break in the form of lower
taxable wages reported on your W-2.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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