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Reply to "professional to help organize medical expenses tracking?"
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[quote=Anonymous][quote=Anonymous]Your husband's costs are more than 7.5% of AGI after Medicare and his insurance? Is part of it prescriptions? [/quote] Yes. It's for home health care aides. He needs someone with him 8 hours per day so I can work. It's very expensive, and not covered at all by Medicare or other insurance sadly. It's about $1400 per week, so yeah it adds up. About $60,000 to $70,000 annually. :shock: If you are severely disabled, such that you cannot perform 2+ daily activities of living, you can deduct the entire cost of home health aides from your taxes, over and above 7.5% of your AGI. According to IRS publication 502 these expenses should be deductible as they are a type of Long Term Care called "maintenance and personal care services" page 10: https://www.irs.gov/pub/irs-pdf/p502.pdf [quote]Long-Term Care You can include in medical expenses amounts paid for qualified long-term care services and certain amounts of premiums paid for qualified long-term care insurance contracts. Qualified Long-Term Care Services Qualified long-term care services are necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, rehabilitative services, and maintenance and personal care services (defined later) that are: 1. Required by a chronically ill individual, and 2. Provided pursuant to a plan of care prescribed by a licensed health care practitioner. Chronically ill individual. An individual is chronically ill if, within the previous 12 months, a licensed health care practitioner has certified that the individual meets eitherof the following descriptions. 1. The individual is unable to perform at least two activities of daily living without substantial assistance from another individual for at least 90 days, due to a loss of functional capacity. Activities of daily living are eating, toileting, transferring, bathing, dressing, and continence. 2. The individual requires substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. [b]Maintenance and personal care services.[/b][i][u] Maintenance or personal care services is care which has as its primary purpose the providing of a chronically ill individual with needed assistance with the individual’s disabilities [/quote][/quote]
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