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[IP] RE: IP A Medic Alert Jewelry Question



I don't know about the insurance, but for the tax issue: medical deductions,
in order to become part of your itemized deductions, must be greater than
7.5% of your adjusted gross income.

Example: if your adjusted gross income is $40,000, and your total medical is
$4,000, you can deduct $1,000 because 7.5% is 3000 and the $1000 is above
that. If you had $10,000 in medical costs, $7,000 would be deductible.

The above statement does not count as professional tax advice and cannot be
interpreted as tax planning, tax advice, or construed as a statement to tell
the IRS.

Hope this helps.

Ed



Date: Sat, 7 Apr 2001 09:10:19 EDT
From: email @ redacted
Subject: [IP] A Medic Alert Jewelry Question

My question is:
1.  Does anyone's insurance cover the Medic Alert Jewelry?
2.  Can you use it as a medical deduction in your income taxes?

Susan
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