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Posted by Rich Carreiro on February 10, 2008, 8:17 am
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> My work offers a pre-tax medical savings type plan (along with a child
> care plan)
> Say I have $1,000 pre-tax held from my paycheck. I then have a $1,000
> medical bill that I pay myself. I then get reimbursed $1,000 from my
> work plan. I've saved the taxes that I would've
> paid on that. Maybe $150 or so, but it still cost me at least $850
> or so whether I was in my work plan or not.
>
> When it comes to medical deductions on line 1 of Schedule A, how
> much, if any, of that $1,000 can I count towards medical expenses?
None -- you already got a $1000 deduction. Double-dipping is not
allowed. And if you read the reimbursement form you have to
fill out, you'll see it very specifically says that by
signing you acknowledge and promise that you cannot/will not
claim those expenses as an itemized deduction.
--
Rich Carreiro rlc-news@rlcarr.com
--
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