QUESTION
Is the amount of the medicare settlement paid out of the settlement proceeds deductible on my tax return as a medical expense?
Asked on Aug 01st, 2013 on Taxation - Missouri
More details to this question:
I understand the law about medicare reimbursement from an accident settlement. This has been done. Thank you.
1 ANSWER
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If you included the amount of the settlement in your income, you can deduct the medical expenses on your tax return.
Answered on Aug 19th, 2013 at 7:20 PM