Standard mileage rate.(p145)taxmap/pub17/p17-106.htm#en_us_publink1000192597
COBRA Premium Assistance.(p145)
If you involuntarily lost your job after August 31, 2008, and before January 1, 2010, you may qualify for a 65% reduction in premiums for COBRA continuation coverage for up to nine months. The premium reduction is not included in your gross income. You cannot claim the health coverage tax credit for any month that you receive this premium. Also, certain TAA-eligible and PBGC recipients qualify for an extension of COBRA benefits.
For more information, see Publication 502, Medical and Dental Expenses.taxmap/pub17/p17-106.htm#en_us_publink1000192593
Health coverage tax credit.(p145)
The health coverage tax credit (HCTC) is increased to 80% of your premium for qualified health insurance for eligible coverage months beginning after April 30, 2009, and before 2011. The increase also applies to the advance payment of credit for health insurance costs under the advance payment program.taxmap/pub17/p17-106.htm#TXMP61e5c0e0
This chapter will help you determine the following.
- What medical expenses are.
- What expenses you can include this year.
- How much of the expenses you can deduct.
- Whose medical expenses you can include.
- What medical expenses are includible.
- How to treat reimbursements.
- How to report the deduction on your tax return.
- How to report impairment-related work expenses.
- How to report health insurance costs if you are self-employed.
You may want to see:
Publications 502 Medical and Dental Expenses 969 Health Savings Accounts and Other Tax-Favored Health Plans Form (and Instructions) Schedule A (Form 1040): Itemized Deductionstaxmap/pub17/p17-106.htm#en_us_publink100033875
Medical expenses 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. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.
Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. Do not include expenses that are merely beneficial to general health, such as vitamins or a vacation.
Medical expenses include the premiums you pay for insurance that covers the expenses of medical care, and the amounts you pay for transportation to get medical care. Medical expenses also include amounts paid for qualified long-term care services and limited amounts paid for any qualified long-term care insurance contract.