1

The cancer medication of my parent costs 10,000 USD a month. I would like to pay for this, but I wouldn't have enough money to live off of myself. I was wondering, would the expense would be tax deductible?

In case state law is important, I have the option to work in California or in Washington state.

  • Making it tax deductible only saves you up to 30% depending on your tax bracket - does that make it suddenly affordable for you? – D Stanley Mar 7 at 21:52
  • @DStanley It gives me enough to live off of. – Klik Mar 7 at 22:30
3

To deduct the medical expense, you'd need to be able to claim your father as a dependent on your taxes, and then could only deduct the amount in excess of 7.5% of your AGI. Check out IRS Publication 502 on Medical and Dental Expenses.

  • So the answer is no then? Not while he's living in Chile. I read in this article that I can't claim them as a dependent if he lives in Chile re: (ttlc.intuit.com/questions/…) – Klik Mar 7 at 21:45

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.