In 2004, I was involved in a bad car wreck which left me unable to work. I was awarded a settlement. A settlement which included money for me to pay my medical bills which I incurred because of this accident. The bills totalled over 0,000. Since I payed these out of my pocket, is this amount tax deductible?
Dental Bills payed out of my pocket. Are they tax deductible? I really need to know.
Attention "Just Me", it seems your outvoted, and for your information..The settlement was for my income, and my bills and for anyone else that helped me out during that very traumatic time of my life. I’m not able to work anymore.
Also, your wrong about the "lost wage compensation" being taxable. Before we even settled the case, I had 5, I said 5 prominent accountants from Columbus, Ohio come in and tell me their view on how I should go about having the settlement divided up. Lost wages were talked about. I was told that "absolutely" no part of my settlement was taxable. So your information is flawed. I wouldn’t have replied to "your" comment, but the CAPITAL LETTERS set me off.
Confidence is one thing, but confidence without evidence isn’t worth the time you took to type it.
As for the rest of you all, you really are all telling me exactly what I had been told. I had a few people that told me otherwise. You all are along with the majority. I wish I could pick all of you.
