Don't forget to report your medical expenses
Posted: Mon Dec 23, 2024 6:22 am
Let's explore some commonly missed deductions that can have a big impact on your tax return.
Don't forget to report your medical expenses
In addition to basic prescriptions and doctor visits, you can also example of thailand phone number claim a wide range of medical expenses. This may include:
Dental and vision care: Expenses associated with dentists, orthodontists, optometrists, glasses, and contact lenses may qualify for a credit.
Prescription Medications: Certain medications may qualify if recommended by a doctor.
Private health insurance premiums: Premiums paid for private medical, dental and vision insurance are deductible.
Medical travel expenses: If you travel more than 40 kilometres (one way) to receive specialist medical care that is not available locally, you may be able to claim the expenses of your travel, meals and accommodation.
Disability-related expenses: Expenses associated with attendants, special equipment, and home improvements that improve accessibility may be deductible under certain tax credits.
Claim your work-at-home expenses
The rise of remote work has created new deductions that you may qualify for. If you have a dedicated workspace in your home and meet certain criteria, you may be able to claim some of your home office expenses.
Some claims you may be able to make include:
rent
Utilities
Don't forget to report your medical expenses
In addition to basic prescriptions and doctor visits, you can also example of thailand phone number claim a wide range of medical expenses. This may include:
Dental and vision care: Expenses associated with dentists, orthodontists, optometrists, glasses, and contact lenses may qualify for a credit.
Prescription Medications: Certain medications may qualify if recommended by a doctor.
Private health insurance premiums: Premiums paid for private medical, dental and vision insurance are deductible.
Medical travel expenses: If you travel more than 40 kilometres (one way) to receive specialist medical care that is not available locally, you may be able to claim the expenses of your travel, meals and accommodation.
Disability-related expenses: Expenses associated with attendants, special equipment, and home improvements that improve accessibility may be deductible under certain tax credits.
Claim your work-at-home expenses
The rise of remote work has created new deductions that you may qualify for. If you have a dedicated workspace in your home and meet certain criteria, you may be able to claim some of your home office expenses.
Some claims you may be able to make include:
rent
Utilities