Taxes 2025: Don't make this mistake with MEDICAL EXPENSES скачать в хорошем качестве

Taxes 2025: Don't make this mistake with MEDICAL EXPENSES

www.advantagethroughaccounting.com It's easy to assume medical expenses out of pocket automatically means a tax deduction. In reality, this is one of the most misunderstood areas of the tax code—and it leads to bad assumptions and missed planning opportunities. In this video, we break down: • Why most medical expenses don’t reduce taxable income • The AGI threshold that trips people up • Common mistakes I see every tax season • When medical costs can matter from a planning perspective If you’re paying significant medical costs and want to understand how they fit into a broader tax strategy, this is worth watching. 0:00 - Intro 0:07 - Which medical dxpenses qualify? 1:30 - How can we find these on our tax return? 2:11 - Where do these track to the main tax form (1040)? 3:14 - Thanks! #TaxPlanning #TaxMistakes #PersonalTaxes #ItemizedDeductions #TaxEducation #MedicalExpenseDeduction #HealthcareCosts #AGI #StandardDeduction #IRSRules #MoneyTips #FinancialLiteracy #taxes