If you’re claiming medical mileage on your taxes, you must only count qualified miles for medically related travel, and it’s best to include documentation when possible. If you’re multitasking and make several stops while driving, you may only count the qualified portion of the trip that w...
Tags: auto, business, charity, gig work, IRS, medical, military, moving, side hustle, standard mileage deduction, tax, tax reform, taxes, vehicle 3 more tax moves to consider by year's end Wednesday, December 18, 2024 Photo by Anna Nekrashevich I know, this month started off with 10...
Here's how someone deducts medical expenses from their taxes. First, calculate AGI by following instructions found on the first page ofForm 1040. Take the result of that calculation and calculate 7.5% of that number. Subtract this result from your total medical expenses for the year. The amou...
Travel costs for medical care are deductible, but are subject to the AGI floor. You can use either thestandard mileage rateor actual out-of-pocket costs for gas, oil, repairs, tools, and parking fees, but not depreciation, general maintenance, or insurance for the motor vehicle. Standard M...