social

Keep A Running Tally Of Medical Expenses Through The Year

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

Advertisement

By Sheila from Boynton Beach, FL

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

 
January 11, 20080 found this helpful

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.

 

Gold Feedback Medal for All Time! 791 Feedbacks
January 12, 20080 found this helpful

That is an ingenious idea - one I wish I had thought of on 1/1/07! Thanks for sharing, and God bless you.

 
January 12, 20080 found this helpful

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.

 
By haftarun (Guest Post)
January 17, 20080 found this helpful

Many pharmacies can provide customers with an itemized list of prescription drugs at year end. The list may include drug name, total cost, amount paid by insurance and amount paid by customer.

 
October 25, 20170 found this helpful

By using expense tracking software you can minimize your expense

 
November 27, 20170 found this helpful

A very well developed post Thanks a bunch for sharing

 

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

 
In This Page
Categories
Budget & Finance Tax TipsJanuary 11, 2008
Pages
More
🌻
Gardening
👒
Mother's Day Ideas!
🐰
Easter Ideas!
Facebook
Pinterest
YouTube
Instagram
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2024-03-27 17:18:07 in 2 secs. ⛅️️
© 1997-2024 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/tf70271608.tip.html