![]() Family caregivers SAVE the government by not accessing Medicaid. Their medical expenses also include home adaptive renovations, health insurance, handicap equipment, doctor and drug expenses not covered by insurance, and more. There are many family caregivers in this situation. We were fortunately able to afford the aides, because I was very careful with the money we had, and BECAUSE I WAS ABLE TO DEDUCT THESE EXPENSES TO LOWER MY INCOME TAX BILL. I loved my husband and was determined to keep him at home with me. I could not work because my husband needed my full-time care, in addition to the aides I employed. ![]() ![]() I employed home health aides for about 10 hours a day to help me care for him. “I cared for him at home until his death last year. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).Terri Corcoran of Falls Church, Va., like so many others, wrote to me about why the medical expense deduction is so valuable for families faced with enormous health bills: “My husband had a neurodegenerative condition, which rendered him totally disabled both mentally and physically within five years of our 17-year marriage,” Corcoran wrote. © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Check if you can claim a medical expenses tax offset from 2015–16 to 2018–19. ![]() Use the Income tests calculator to help you work out your adjusted taxable income (ATI) amount. Use the Net medical expenses tax offset calculator to work out the amount of your total net medical expenses for income years 2015–16 to 2018–19. To work out the percentage of net medical expenses you can claim, you will need to know your: This offset is also subject to an income test. Calculate the medical expenses tax offset This generally refers to your spouse and children but may also include other dependants. You should keep documents that relate to you, as well as for your dependants.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |