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Indicate whether the following items are 'Fully deductible or partially deductible' or 'Not deductible' as medical expenses.

a. Surgery for Beth

b. Red River Academy charges for Beth:
b1. Tuition
b2. Room, board, and other expenses
b3. Psychiatric treatment

c. Doctor bills for Ed
d. Prescription drugs for Susan, Beth, and Ed

e. Insulin for Ed

A) Fully deductible or partially deductible

B) Not deductible

C) A and B

D) A, B, and C

1 Answer

2 votes

Final answer:

Medical expenses can be fully or partially deductible, or not deductible at all. Surgery, psychiatric treatment, doctor bills, and prescription drugs are typically deductible. However, tuition fees, room and board expenses, and insulin may not be deductible as medical expenses.

Step-by-step explanation:

The deductibility of medical expenses depends on various factors. Here is a breakdown of the items you listed:

a. Surgery for Beth: Fully deductible or partially deductible. The costs associated with the surgery can be claimed as medical expenses.

b. Red River Academy charges for Beth:

  • b1. Tuition: Not deductible. Tuition fees for educational institutions are generally not considered medical expenses.
  • b2. Room, board, and other expenses: Not deductible. These expenses are typically not considered medical expenses.
  • b3. Psychiatric treatment: Fully deductible or partially deductible. The costs of psychiatric treatment can be claimed as medical expenses.

c. Doctor bills for Ed: Fully deductible or partially deductible. The doctor bills can be claimed as medical expenses.

d. Prescription drugs for Susan, Beth, and Ed: Fully deductible or partially deductible. The costs of prescription drugs can be claimed as medical expenses.

e. Insulin for Ed: Fully deductible or partially deductible. The costs of insulin can be claimed as medical expenses.

It's important to keep in mind that the deductibility of medical expenses may vary depending on factors such as the individual's income and the specific tax laws in their jurisdiction.