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Tax Deduction Consulting: Medicare Expenses Brigham City UT

As private health insurance costs become to expensive for many people, Medicare is becoming more and more popular. In some situations, you can claim Medicare expense deductions. Read on for details.

Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Robert Blake Accounting and Tax
(801) 763-8295
9626 Dorchester Drive
Cedar Hills, UT
 
H&R Block
(435) 884-3076
124 W MAIN ST
GRANTSVILLE, UT

Data Provided by:
Synergy Accounting Solutions
(801) 542-0230
8282 S. State St. Suite
Midvale, UT
 
H&R Block
(801) 272-0412
5002 S HIGHLAND dr
SALT LAKE CITY, UT

Data Provided by:
Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
H&R Block
(435) 644-2071
40 E CENTER
KANAB, UT

Data Provided by:
SC ACCOUNTING TAX SERVICES LLC
(801) 652-8755
408 S 900 W SLC - UT 84116
SLC, UT
 
Liberty Tax Service
(866) 871-1040
6223 Highland Dr
Salt Lake City, UT

Data Provided by:
Liberty Tax Service
(866) 871-1040
438 E 12300 S
Draper, UT

Data Provided by:
Data Provided by:

Tax Deduction Consulting: Medicare Expenses

Medicare Expense Deductions

As private health insurance costs become to expensive for many people, Medicare grows in popularity. In some situations, you can claim Medicare expense deductions.

Medicare Expense Deductions

Filing taxes is not a thing that any American wants to do, but it is something that must be done each and every year. The key is to know what you can do to lower your taxes as much as possible. On that note, one important thing that everyone should know is that they can use their medical expenses as deductions on their taxes.

Medical expenses are any expenses, as classified by the IRS, that "are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body." As is typical with the IRS, such a statement is a mouthful. In human terms, these expenses essential include everything from doctor visits to stays in the hospital. They also include dental expenses. Obviously, such expenses can add up quickly and significantly reduce your bill.

For better or worse, Medicare is an entirely different subject when it comes to deduction according to the IRS. If you have coverage under the Medicare B plan, you can claim Medicare expense deductions. If you have coverage under Medicare A, you cannot claim Medicare expense deductions with one exception. If you do not have social security benefits, you can claim expenses deductions incurred under Medicare A. Ah, don't you just love g...

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