Posts Tagged ‘Medical.Expenses’

What “Out of Pocket” Means

Friday, February 8th, 2013

About ten years ago, I enjoyed one night at the hospital. The bill was only $17,000 (before discounts). My share of the bill was $0, so my medical expenses from that hospitalization were zero. If you don’t spend the money, you can’t deduct it.

Dave Fazio has a cautionary tale on what out-of-pocket medical expenses mean for one of his clients.

Contact
Archives
Business Blogs
Note: All Content is Copyright © 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, and 2005 by Clayton Financial and Tax.
Subscribe