(TurboTax Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid. ![]() This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.No matter which way you file, we guarantee 100% accuracy and your maximum refund. Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted.Īnd if you want to file your own taxes, you can still feel confident you'll do them right with TurboTax as we guide you step by step. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. ![]() Only what’s left is deductible as an itemized deduction. Total all of these items and subtract an amount equal to 7.5 percent of your adjusted gross income (AGI) from it. When it comes time to prepare your federal income tax return, you should gather all of your receipts for every doctor visit, hospital stay, medication purchase and even the health insurance premiums you pay. As you may expect, these are all legitimate medical expenses for which you can claim a deduction. ![]() You may incur the largest medical expense when you actually go into labor since you have to pay for the hospital stay, any medications you are given, surgeries such as a cesarean section if necessary and even pain medication during labor such as an epidural. Generally, physicians require you to come in for an examination once per week to monitor your progress and ensure you and the baby remain healthy. The frequency and cost of your doctor visits will increase significantly during the third trimester of pregnancy up until you give birth to your newest family member. These expenses are also deductible even though they are preventative in nature and relate to your baby as well as yourself. You might undergo various tests to detect any potential birth defects such as serum screening and amniocentesis, both of which are effective at detecting Down syndrome. At this stage, many of your visits will include an ultrasound that helps to detect any health issues with your baby’s development. Second trimester medical expensesĪs you move into the second trimester of your pregnancy, your doctor can begin assessing the health of your baby too. Even though these are considered diagnostic, the IRS allows you to deduct their costs since it can prevent a physical defect or illness for both you and your baby. Most doctors will also have you undergo a general physical examination, monitor your weight and perform general blood tests and urine analysis. Common diagnostics that your doctor will perform include assessing your medical history to determine any diseases or issues you may be prone to that can affect your pregnancy. First trimester medical expensesĭuring your first trimester, most of your doctor visits relate to diagnosing your overall health rather than to receive treatment. Any year you incur significant medical expenses that relate to your pregnancy, the IRS allows you to deduct a portion of the cost on your income taxes, but only if you are eligible to itemize deductions. ![]() The cost of these visits and procedures can add up quickly, even if you have insurance that covers a portion of the bills. If you are pregnant, chances are that you visit your doctor and undergo various medical treatments more frequently.
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