So… last minute taxes, coz I’ve been putting it off for fear of the headache I’d get (and am getting).

I’m self-employed, and went through and deducted all business expenses (rent for home office space, computer stuff, stationary, supplies, etc, etc…). I also deducted my insurance premiums as a business expense, but then did other medical expenses as personal expenses.

However, not having many personal deductions, my medical expenses don’t seem to be enough to take any deduction, and being rather poor (oh woe is me) I’d prefer deducting medical expenses as a business expense if I can… can I? And if so, where do I do that? I only see a section for insurance… not misc. medical expenses.

Thankyou so much!!!
Nothing’s paid with credit card… all debit/bank card, and I have the bank records and receipts for everything. No interest. I don’t even have any credit cards.

My medical expenses exceed 7.5%, but it still won’t let me deduct them as those are pretty much the only personal expenses I have (most everything is business, as I work from home, so can deduct portions of utilities, rent, phone, internet, etc…) so I don’t have enough personal expenses total to get any deduction apparently (?).

I don’t make enough for them to bother auditing me… they’d be spending more to audit me than they’d get back (if they got anything back, as I have receipts for everything and they’re all legit).

Basically, all misc. medical expenses are through insurance (what insurance wouldn’t cover, etc…) which IS business, so…???

Ugh.

If anyone could further clarify I’d appreciate it (I realise I’m probably arguing a moot point, but hopefully someone can point that out?)! Thanks!!!
The verdict: taxes are way too confusing. Bah.

Thankyou to those who tried to help! I appreciate it.

I did a bit of sleuthing, and according to "Topic 502 – Medical and Dental Expenses" on the IRS’ website, I CAN deduct misc. medical expenses on " Form 1040, Schedule A". And I did… and it helped a lot. The info is here in case anyone needs it in the future: http://www.irs.gov/taxtopics/tc502.html

Cheers, and thankyou!

Off to the 24 hour post office to avoid the hoards tomorrow (ugh!)!
Kathykoul… thank you, but it’s already been clarified. I checked online (one of the links listed) and out of nervousness called the IRS after sending out my taxes (and was on hold for like an hour) and they verified that I can, in fact, take them as business expenses since I’m self-employed.

i am posting for my younger sister,

my 19 year old sister have been working at a Japanese restaurant about 90 to 100 hours a MONTH. she is getting paid 8 dollars min. in California
she is currently being paid under the table meaning that they should not deduct any money from her pay check because after all getting paid in cash means its her own " responsibility" to report her own tax. ( please dont judge my sister for being illegal, she is not some low life idiot, she is currently in school and waiting for her green card to arrive. ) i just found out that she is getting paid about 200 dollars a month when she is suppose to get paid about 800 to 1000 dollars a month. reason being, they said its a tax deduction which is based on her total sales and tips. i worked at a restaurant for 4 years in the past and this was unheard of. why would this be based on her total sale not her pay. what i dont understand is that this 3 star restaurant is located in 3 of high class malls in California. do you think there is legal way for them to be abusing these young college kids trying to make extra cash? can this system actually work? even if they take large amount of tips every night, this should not work in my opinion.

how would my sister start this process? she wants to be compensated and wants to get the business in trouble. they are practicing unfair "tax" deduction and not allowing any server to take any breaks other than a quick bathroom trip when they need to.

where should she start?
i wasnt expecting any kind of some lawyer answers but wow doesnt seem like anyone knows what they are talking about,

first of all. being illegal does not take away her rights to do anything. except voting.
college take illegal students for more money, illegal people can buy vehicle, get credit cards, rent a property, get driver license as long they have social security. they is alot of things they CAN do.

so much people are just so mean.

With a credit line I receive a 1099 declaring Interest paid from the bank. I receive nothing from the Credit Card company however both must be paid. My accountant does not believe A Business Credit Card Interest is Tax Deductible. I believe that both are viable forms of credit extension therefore reasonable and legal forms of business to finance service or goods. Can anyone provide additional information to short term finance interest expenses. Thank You. Business Minded.
When I said a line of credit it is a business line. Not a home line of credit. The Business Credit card is actually used strictly for business. It is used to purchase equipment or short term purchases of 1000 to 10,000 for 2 to 6 months because my suppliers only except credit cards. I could pay off with line of credit each month however, payment terms are not as flexible as Credit Card.