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Posted by joetaxpayer on January 18, 2008, 8:23 pm
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Jane wrote:
> I see a chiropractor twice a week. I have for the past four years.
> This year we had very large additional medical expenses. They were
> high enough so that there will be a significant deduction after the
> 7.5%.
>
> The person working at the chiro's office suggested I might want to
> make a payment in advance so I could use it as a 2007 deduction.
> Unfortunately I didn't do my homework. I paid an extra $1000 in
> December.
>
> Now, reading publication 509 I see that I cannot deduct payments made
> in 2007 for treatment received in 2008.
>
> Question: will I be able to deduct that $1000 for 2008 (assuming our
> medical expenses are high enough) or have I screwed myself out of a
> $1000 deduction?
First, I'd go back and tell the receptionist (?) s/he should not be
offer what amounted to tax advice, and request your prepayments back. If
that makes you uncomfortable, just make sure that for each visit in 08,
you receive a receipt stating 'paid in full'.
Does your employer offer a Flexible Spending Account? Too late for 08,
but that's the best way to save on such an expense, as the whole cost
becomes pretax, not just the amount over 7.5% AGI.
JOE
www.blog.joetaxpayer.com
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