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medical bills and taxes - can you deduct them?

Do you have a lot of medical bills that you pay on each month? Could those medical bills be deducted from your tax bill this year? I was helping my mother take care of all of her finances after my dad passed away. I didn't realize how many bills she had coming in each month for medical treatments that my dad had undergone months, even a year earlier. I started doing some research about medical bills and tax deductions. If you have medical bills, take a minute to read through this blog to gain some knowledge that can help you decide what you can do when tax time comes around.


medical bills and taxes - can you deduct them?


Want To Run A Thriving Business? 3 Reasons Hiring A Chartered Accountant Is A Must

Every business owner should work closely with an accountant for their business to grow. Unfortunately, most people, mainly those running small businesses, don't seek the services of an accountant. They like doing everything alone, thinking it's a cost-effective approach, but it's not. As a business owner, you need to keep an eye on all your financial books to know if your business is doing well. But since you don't have the accounting skills to do it, you should seek help from a reputable accountant because they know how financial books and records should be handled.

5 Things To Know About Income Taxes When You Lose A Child

The loss of a newborn baby is a terrible tragedy for any parent. And sadly, it also comes with practical challenges that the same parent or parents must face. One of these is its impact on your income taxes. Here's what parents should know about completing their tax forms after losing a child to death.  1. You May Claim the Child  Your child was a member of your family and household, and the IRS treats them as such.

5 Reasons To Seek Professional Income Tax Return Preparation Service

If you're like most people, tax season is a stressful time. Filing your taxes can be complicated and time-consuming, and making mistakes that could cost you money is easy. One way to reduce the stress of tax season is to hire a professional tax return preparer. A professional can help you maximize your deductions and ensure that your return is filed correctly. Here are five reasons to seek professional tax return preparation services.

3 Signs You Need To Outsource Bookkeeping Services

Are you one of those business owners who dread outsourcing business services? Or maybe you prefer doing everything yourself because of a limited business budget? Whatever the case, it is easy to think you can effectively handle your bookkeeping house or have an in-house bookkeeping team to take on the tasks. While this may look good initially, it may bring inconveniences in the long run. Here are the top four tell-tale signs you need to outsource bookkeeping services.

3 Ways Tax Planning Will Prevent You From Spending Sleepless Nights

Most business owners have a lot of tasks on their hands to manage. You need to ensure your employees' salaries are paid on time, your brand is marketed correctly, your customers are well attended to, and all your business operations run smoothly. Handling these issues can cause you stress, especially if you add tax preparation on top of them. If you want lighten your load, it's advisable to outsource your taxes to professionals.

3 Ways That An Accountant Can Add Value To Your Business

Most small business owners start looking for an accountant when the tax season approaches. Their rationalization is that they do not need to hire the services of someone that will charge them money during the rest of the seasons. However, some expenses are necessary for the growth of your small or medium-scale enterprise. An accountant will help your business expand and remain aligned with the law during the process. Here are three ways that hiring these professionals adds value to your business.