Medical bills can put a dent in your budget, but the silver lining is that you may be able to get a tax deduction in exchange for your expenses. "The deduction is actually a lot broader than many ...

Discover the fundamentals of Medical Savings Accounts, their historical evolution, types, and how they compare to Health ...

Medical bills can be pricey, and for many Americans, figuring out how to reduce that cost in any way possible is a priority. One place health care patients may look for savings is on their taxes. In ...

You might be able to deduct qualified medical expenses that are more than 7.5% of your adjusted gross income. Some states offer lower thresholds. Many, or all, of the products featured on this page ...

While it is common knowledge that taxpayers may deduct qualified medical expenses for themselves and their dependent children, other opportunities to deduct medical expenses are not so widely known.

Advice offered by Marc Hebert, president of The Harbor Group Inc., a certified financial planner. If you have any questions about finance or if you'd like to suggest a future topic, email ...

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.

Most taxpayers when asked will say that medical expenses aren’t deductible any longer or that you need a major amount of medical expenses to deduct them. As a result, they don’t pay attention to their ...