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Health Care Deductions 2014

February 3, 2015

In 2013 the tax bill reduced your deduction for medical costs, including health insurance for 2014.  We will see very few deductions available for medical costs now unless you have substantial bills. The amount of your medical expenses in most cases must now be more than 10% of your income before we can deduct anything, so weigh carefully whether to go to the trouble of summarizing these costs. If you are self-employed, we still need to know how much you paid for health insurance.

 

 

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How long to keep income tax returns and related records

September 29, 2017

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Johannsen CPA is pleased to serve the Treasure Valley - Boise, Meridian, Kuna, Eagle, Star, Nampa, Caldwell, Middleton, Idaho and beyond. 

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