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03-23-2009, 12:57 PM
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#1 |
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Registered User
Join Date: Mar 2008
Posts: 10
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Sales Tax on Medical Costs
I will be deducting sales tax since my state doesn't charge income tax.
I'll also be itemizing medical expenses since I know they are over 7.5% of AGI. Some of my medical expenses are charged a sales tax (ex. Contacts and solution). When I'm calculating my medical costs for the year, do I count just the subtotal (actual price of the item) and exclude the sales tax charged since sales tax is accounted for elsewhere on my return? I guess it's not a question that's limited to medical expenses since people have, for example, business expenses they might be itemizing, but also be deducting sales tax on the same return. Any thoughts? |
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03-23-2009, 06:20 PM
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#2 |
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Registered User
Join Date: Oct 2001
Posts: 1,586
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KatinWA,
That is an interesting question... If you are using actual sales taxes, then you can only deduct them once. Either as your medical/business expense or as a Schedule A sales tax deduction. If you are using the IRS provided sales tax tables I would not worry about the sales tax on your medical/business expenses. I find it strange that you would pay a sales tax on your contacts and contact solution. Do you pay sales tax on asprin too? |
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03-23-2009, 07:36 PM
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#3 |
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Registered User
Join Date: Mar 2008
Posts: 10
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Doesn't everyone pay sales tax on aspirin? However, aspirin can't count as a medical expense.
My state doesn't charge tax on groceries, but contact solution is not a grocery. Are you saying that if I use actual receipts then I wouldn't count the sales tax as a medical expense as well, but if I use the IRS calculator then I could? |
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03-24-2009, 12:46 PM
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#4 | |||
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Registered User
Join Date: Oct 2001
Posts: 1,586
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Quote:
That isespecially nice during tax season. Quote:
your flex contributions to purchase asprin and contact solution... Quote:
No. I am saying if you use the actual sales tax you paid for your itemized deductions you can use the sales tax for your medical expenses only as a medical expense or as a sales tax deduction. If you use the IRS provided sales tax calculator/charts, to determine your sales tax itemized deduciton, you could still use the sales tax on your contact solution as a medical deduciton. |
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