If you itemize your deductions you may be able to deduct expenses you paid that year for medical and dental care for yourself, your spouse and your dependents. You may deduct only the amount of your total medical expenses that exceed 7.5% of your adjusted gross income. Deductible medical expenses may include but aren’t limitedRead more…
Tag: Tax Return
Deducting Medical/Dental Expenses on Your Tax Return
March 20, 2023Series 2: Amended Returns
June 7, 2022Can I choose to deduct a federally declared natural disaster loss in the preceding tax year? Generally, you can elect to deduct a disaster loss in the year you sustain the loss. This is recognized as the disaster year. The disaster year is generally the year in which the disaster occurred but may beRead more…
Preparing Your Tax Return. What You Need to Know and Do
February 17, 2021Contact PPL The team of professionals at PPL is here for you! If you would like to discuss an important topic or something that will significantly impact your tax return, call PPL to schedule an appointment or virtual meeting. The sooner you contact us, the sooner your return will be complete. Don’t wait tooRead more…
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