In his first televised interview, President-elect Trump declared that a “major tax bill lowering taxes in this country” would be one of his top three priorities. 1,151 more words
Tags » Itemized Deduction
Q: I was diagnosed cancer with this year, and am currently receiving treatments. Will this have any affect on my tax situation?
A: I am sorry to hear about your diagnosis, but hopefully this information will help you. 315 more words
For purposes of itemizing your deductions, the Internal Revenue Service (IRS) defines medical expenses as the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. 187 more words
Most people claim the standard deduction when they file their federal tax return, but you may be able to lower your tax bill if you itemize. 541 more words