› Budget101 Discussion List Archives › Budget101 Discussion List › FSA Elig = Tax Deductible?
- This topic has 1 reply, 1 voice, and was last updated May 14, 2008 at 9:00 pm by .
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- May 14, 2008 at 9:00 pm #257692
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Only meds that you can deduct for income tax purposes is prescription drugs. You can not deduct over the counter purchases even if your doctor tells you to take them. Example, your doctor tells you to take two aspirin a day and take vitamin E to help thin your blood due to heart problems. Both are non-deductible since they do not require a prescription to buy.
Mike Dunn
e-mail: dunns18@yahoo.com
Home Address: 701 Rosedown Lane,
Lafayette, LA 70503— On Wed, 5/14/08, Stephanie wrote:From: Stephanie
Subject: Budget101.com : FSA Elig = Tax Deductible?
To: Budget101_@yahoogroups.com
Date: Wednesday, May 14, 2008, 4:00 PMI just bought some OTC cold medicines and the receipt from the store
says “Flex Spending Acct Eligible”. I am wondering if this means
these items can be deducted as a health expense from my 2008 taxes.
Anyone know if this is the case, or should I just toss the receipt (we
don’t have any FSAs)?
Thanks,
Stephanie
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› Budget101 Discussion List Archives › Budget101 Discussion List › FSA Elig = Tax Deductible?