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Post by tfaith on Jan 11, 2008 10:36:45 GMT -5
i just thought of this since it is tax season....and considering how much medical stuff i had to pay over this year, it would be worth it. i am not sure how it works, for sure though. i read that if your medical bills exceed 7.5 % of your annual income, then you can claim them. but say you were to do something like this, do you have to have every single receipt? i do not believe i do.....maybe for the large stuff like surgery, but even with that, i have health care, so they did pay a percentage of it.... just asking around, thanks
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Post by kb on Jan 12, 2008 0:31:25 GMT -5
I can answer this for oz, but depends where your from.
Id just ring the tax office and ask, better to know for sure. The thing to consider is what will happen if im audited? If you think you can justify you have spent the money without receipts then it should be fine, but otherwise when its big money i wouldnt risk no receipts.
The trick to lost receipts as far as i know is a log book. If youve kept an accurate log of expenses and the odd receipt gets lost i think youd get away with it. Worst case scenario, least in this country it is, is having to pay some money back.
If your health insurance covered some costs, you can still claim the gap.
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