Michael and I left early Thursday to get to the conference. Although it did not officially begin until Friday morning , they had two pre conference workshops. In previous years, it has been workshops on the gfcf diet or on school issues. We ‘ve been doing diet for 7 years+ and we homeschool. Prayer takes care of school issues here. 🙂 This year, the two workshops were IEP or Income taxes and autism. Guess which one I took????
Ok, it was an easy question. We have no need for IEPS. I was highly interested in the income tax one so I made arrangements to get there for the late afternoon class. I was not disappointed. Autism is expensive. We could have completely paid off our house and then some with the amount of money that we have spent on Logan’s therapies. Autism is often not covered by insurance either. So, it really doesn’t matter that we have always had some great insurance coverage.
You can deduct your out of pocket expenses for a medical reason that add up to more than 7.5 % of your adjusted gross income. For example, if your agi is $30000 then anything over $2250 can be deducted.
She explained what a medical expense would be defined as. There were some things that had never occurred to me, like equipment you buy to do therapy at home. You know like ot/pt at home. Sound familiar? Also, this is for the entire family. So, while your child with autism will bring you the most expenses, you can use the others from the rest of the family to help you meet the total. Some were not new. like prescriptions (including co pays), Dr visits and supplies.
One that never occurred to me was mileage. Keep a pocket calendar in your car and mark the mileage to and from therapy appts. That weekly trip to hippotherapy, all those trips back and forth to ot/pt or RDI. All that should be counted in our yearly mileage. Payment for all of the above is a write off too.
Nutritional supplements can be a write off if you get your Dr. to write a letter stating that they are medically necessary. Got a DAN Dr.? He or she should write the letter no problem. Also, the price of a special diet is kinda deductible. As in , the difference between what the special food costs and the price of the regular equivalent. Again. you need a DR note but that will not be a problem for anyone with a Dan. Dr. We will not have a problem with it as Logan has some true allergies and his regular pediatrician should be able to write this.
Got a non verbal kiddo? The cost of a communication device to help him is deductible. Check out the School Box blog @ http://the-school-box.blogspot.com/ for a great example of a communication device.
Got a medical conference related to your child’s condition? The cost of the conference is deductible but not meals and lodging.
Some non deductible things are anything that you pay for with pretax dollars or anything that insurance reimburses you. Mileage is still deductible in that case though.
You bet I will start getting better organized and keeping receipts and track of mileage. It will pay off come tax time. Every little bit helps!
Please go to www.irs.gov and order the publication 502 : Medical and Dental Expenses. That way, you will have the most up to date information. I am not an accountant nor do I play one anywhere. Actually, my family affectionately calls me mathematically challenged. Please consult a qualified tax adviser to help you with your journey.