I keep a running record of medical expenses by family member throughout the year. I start l/l and end 12/31. At the same time, I tally each cost on a cumulative basis. At the end of the year, I have it. Total medical costs for income tax preparation. Easy... and it works
By Sheila from Boynton Beach, FL
Hi, At the end of the year, I contact my Pharmacy and they give me a printout of the entire family's account with yearly totals and dates. I turn it over to my accountant and it's directly from the pharmacy so, no need for the IRS to question it.
That is an ingenious idea - one I wish I had thought of on 1/1/07! Thanks for sharing, and God bless you.
I do both and include my travel expenses to & from the doctor, medical facility, pharmacy, etc. And don't forget any costs incurred for obtaining copies of medical records, x-rays & other tests.
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