J.K. Lasser's 1001 Deductions and Tax Breaks 2018

CHAPTER 2Medical Expenses

• Employer-Provided Health Insurance
• Premium Tax Credit
• Health Coverage Tax Credit
• Itemized Medical Expenses
• Self-Employed Health Insurance Deduction
• Long-Term Care Coverage
• Flexible Spending Accounts for Health Care
• Health Reimbursement Arrangements
• QSEHRAs
• Health Savings Accounts
• Archer Medical Savings Accounts
• ABLE Accounts
• COBRA Coverage
• Medicare
• Continuing Care Facilities and Nursing Homes
• Accelerated Death Benefits
• Decedent's Final Illness
• Medical Insurance Rebates

Alert

At the time this book was completed, Congress was considering important tax changes that could affect 2017 tax returns and planning for 2018. Check the online Supplement in February 2018 at www.jklasser.com or www.barbaraweltman.com to see what changes have been enacted and when they are effective.

Rising premiums and government mandates are headline news. Certain medical-related tax rules were uncertain when this book was prepared, so check the Supplement for any updates. As things stand now, the tax law provides you with some relief for the high cost of coverage by allowing you to treat your medical expenses in special tax-advantaged ways, as explained in this chapter. These tax benefits apply whether coverage is paid for you by your employer or you pay health costs yourself.

To learn more about medical and dental expenses, see IRS Publication 502, Medical and Dental Expenses, IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, IRS ...