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How to deduct medical expenses? Need Dr tax id?
I want to go see a doctor and pay in cash.
I heard you need a receipt with the Doctor's TAX ID if you want to deduct taxes, is this true?
Where would I deduct this medical expense?
Thanks.
Yeah a $40 visit isn't gonna qualify or make a difference. Thanks all for contributing! It's hard to choose the best answer, gimme a day or two.
I've asked the wrong question. It should be regarding a Flexible Spending Account which the insurance company wants me to provide the Doctor's Tax ID. Anyone care to explain? I might have to repost
6 Answers
- JudyLv 71 decade agoFavorite Answer
No you don't need the doctor's tax id. You do need receipts though - they should give you one even if you pay cash.
You can only deduct the portion of your medical expenses that's over 7.5% of your adjusted gross income, and then only if you itemize. You'd show the expenses on schedule A.
- bdancer222Lv 71 decade ago
I've never heard of needing the doctor's tax ID. Medical expenses are part of itemized deductions. If you don't have enough qualifying deductions to exceed the standard deduction, itemizing has no benefit.
Source(s): BD - Wayne ZLv 71 decade ago
You don't need the doctor's tax id. You would need some sort of receipt/statement if audited. Medical expenses are an itemized deduction subject to 7.5% of your income. If your total medical expenses don't exceed 7.5% of your income or you do not itemize, there is no tax benefit from this expense.
- wg0zLv 71 decade ago
deduction of unreimbursed medical expenses is a form 1040 schedule A item. this deduction is worthless if you cant come up with enough total schedule a items to do better than the standard deduction, plus, IIRC, medical expenses are not fully deductible; only to the extent that they exceed your AGI by a certain percentage.
you have no need for or right to any tax number info from your physician.
- troLv 71 decade ago
they will issue you some kind of receipt for your cash and you need to collect them all to be able to claim medical deductions
and that is if you can itemize and also only if your medical exceeds 7.5% of your AGI