Comments on: If a medical expense is paid with a cash advance can I deduct the fees and interest? http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/ A Weblog about My Cash Pay Advance Tue, 22 May 2012 08:44:02 +0000 http://wordpress.org/?v=abc By: Judy http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6817 Judy Sat, 09 Aug 2008 14:12:55 +0000 http://www.cashpayadvance.org/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6817 You can deduct the medical expense, it doesn't matter where you got the money as long as it wasn't reimbursement to you, but not the interest. You can deduct the medical expense, it doesn’t matter where you got the money as long as it wasn’t reimbursement to you, but not the interest.

]]> By: JQT http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6816 JQT Thu, 07 Aug 2008 20:17:21 +0000 http://www.cashpayadvance.org/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6816 As the previous answer described, only the amount of medical expenses exceeding 7.5% of your adjusted income can be deductible on Schedule A. You can include actual medical expenses only not interests or fees associated with obtaining the money for medical expenses. Best wishes. As the previous answer described, only the amount of medical expenses exceeding 7.5% of your adjusted income can be deductible on Schedule A.

You can include actual medical expenses only not interests or fees associated with obtaining the money for medical expenses.

Best wishes.

]]> By: brenden b http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6815 brenden b Wed, 06 Aug 2008 00:55:59 +0000 http://www.cashpayadvance.org/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6815 NO..and only the amount of the medical expense that exceeds 7.5% of your AGI is deductible. NO..and only the amount of the medical expense that exceeds 7.5% of your AGI is deductible.

]]> By: bostonianinmo http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6814 bostonianinmo Mon, 04 Aug 2008 13:12:33 +0000 http://www.cashpayadvance.org/if-a-medical-expense-is-paid-with-a-cash-advance-can-i-deduct-the-fees-and-interest/#comment-6814 As long as you paid the bill in 2006 you can deduct it on your 2006 return. How you got the money to pay the bill doesn't matter. As long as you paid the bill in 2006 you can deduct it on your 2006 return. How you got the money to pay the bill doesn’t matter.

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