Medical bills can be stressful, but they might offer a silver lining come tax time. Medical expenses are tax deductible — but ...

The U.S. Treasury Inspector General for Tax Administration says the IRS needs to do a better job collecting the medical device excise tax created under Obamacare. The inspector general looked at 5,107 ...

The University of Maryland Medical System classified its two most recent purchases of books from Baltimore Mayor Catherine Pugh as “grants” in federal tax filings — one to the city public school ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at nine questions on the tax deduction ...

Medical bills can put a dent in your budget, but the silver lining is that you may be able to get a tax deduction in exchange for your expenses. "The deduction is actually a lot broader than many ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income. But many taxpayers miss out on this valuable tax break because they don't ...

When you shop through retailer links on our site, we may earn affiliate commissions. 100% of the fees we collect are used to support our nonprofit mission. Learn more. The just-released GOP House tax ...

Most taxpayers when asked will say that medical expenses aren’t deductible any longer or that you need a major amount of medical expenses to deduct them. As a result, they don’t pay attention to their ...