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Posts Tagged ‘Aren’t my Medical Expenses tax-deductible now?’

Aren’t my Medical Expenses tax-deductible now?

No. This is a common misconception. Medical and Health care expenses are never tax-deductible on personal taxes, but instead are eligible for a tax credit only. If your medical claims are less than 3% of your taxable income in a year, you get no credit whatsoever. Now you can choose […]