Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Documenting Medical Expenses Date: 6/19/2012 11:32 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 6
I'm more concerned about documenting things like transportation costs, mileage, etc. Is an Excel spreadsheet OK for documenting these expenses?

I hope so, because that's what I use. Just make sure you keep some sort of contemporaneous record. My spreadsheet has three columns for medical: Co-pays, Miles, and Misc. Out of Pocket (tolls, public transit, parking, etc.)

I assume I need a receipt every time I need to take a taxi, if I'm not able to drive myself? What about parking fees? The medical center does not give receipts for parking fees (I've asked). These are small amounts ($3 for parking, maybe $10 for taxi fares) but they do add up.

Get receipts when you can, but claim cash payments even if you can't get a receipt. (Note to lurkers: This doesn NOT apply to charitable contributions.) I once asked an auditor what she did about cash without a receipt Schedule A deductions. She told me she saved them for last, by which time she knew whether she was dealing with an honest person or not.

This is a more obscure question, but if I buy a software program to track my diabetes testing results, would that be deductible? I didn't see that in 502.

I would think so. BTW, if you're new to the diabetes world, you might want to check out the Fool's board: http://boards.fool.com/diabetic-fools-116266.aspx

Phil
Rule Your Retirement Home Fool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement