Are my ergonomic items tax deductible?

Answer The IRS says that medical expenses for special equipment installed in a home or for improvements, if used primarily for medical care, are deductible. Therefore, some ergonomic improvements used for... Read More »

Top Q&A For: Are my ergonomic items tax deductible

List of Items That Are Tax-Deductible?

The American government offers tax deductions–or portions of income on which lower or no taxes are required--for many common expenses associated with daily life. Standard deductions save 85 milli... Read More »

Accounting Rules for Tax Deductible Items?

When running a business it is important to understand what items are deductible business expenses. Costs of goods sold are essential deductible items. Although capital expenses are not deductible... Read More »

If you have an accident before the deductible is lowered but the claim is not filed until after which deductible applies?

Answer The deductible at the time of the accident not the time of claim.

What is the minimum deductible for high deductible health plans?

The minimum deductible for a high deductible health plan is $1,200 for an individual and $2,400 for families in 2010 and is set by the U.S. Department of the Treasury. This is up from $1,150 and $2... Read More »