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JC&WA Act 2002

FOR IMMEDIATE RELEASE

Little-known or Uncommon Medical Expenses - Deductible as Itemized Deductions:

Acupuncture, Air conditioning for allergy relief, Alcoholism treatment, Birth control pills, Chiropractors, Computer to store medical records, Certain cosmetic surgery, Specially equipped telephone, Health club dues - prescribed, Indian medicine man, Lead paint removal, Mattress - prescribed, Plumbing fixtures for the handicapped, Program to stop smoking, Swimming pool to alleviate arthritis, Television with closed caption decoder, vasectomy, Weight loss program to treat a specific disease.

Income Not Subject to Taxation:

Employer-paid health insurance premiums through flexible spending accounts, Accident proceeds where there was no previous medical expense deduction, Use of athletic facilities, Bequests and inheritances, Child support payments, Damage awards due to personal physical injuries or sickness, Disability payments other than for lost wages, Employer-provided educational assistance, Qualified employee achievement awards and discounts, Foster parent reimbursements for child care, Gifts, Incentive stock options, Loans, Juror's mileage allowance, Life insurance dividends, Lodging, Lodging furnished as a condition of employment, Employer's medical care plan reimbursements, Qualified moving expenses, Parsonage for minister or rabbi, Political (most) campaign contributions, Qualified scholarships and  fellowships, Non-cash strike benefits, Employer-paid tuition plan reimbursements, Veterans benefits.

 

For More Information Contact:

Tel: 860-679-5200
FAX: 860-679-5212
Internet: bernardi@bernardi-cpa.com