Tax:
Medical and Dental Expenses
Medical and Dental Expenses, including the Health Coverage Tax Credit. Publication 502 (2009). For use in preparing 2009 Returns.
From the Internal Revenue Service
What's New in 2009?
Standard mileage rate. The standard mileage rate allowed for operating expenses for a car when you use it for medical reasons is 24 cents per mile for 2009.
See Transportation under What Medical Expenses Are Includible.
COBRA continuation coverage If you involuntarily lost your job between September 1, 2008, and December 31, 2009, you may qualify for a 65% reduction in premiums for COBRA continuation coverage for up to nine months. The premium reduction is not included in your gross income. You cannot claim the health coverage tax credit for any month that you receive this premium. Also, certain TAA-eligible and PBGC recipients qualify for an extension of COBRA benefits.For more information, see Cobra Premium Assistance.
Health coverage tax credit.The health coverage tax credit (HCTC) is increased to 80% of your premium for qualified health insurance for eligible coverage months beginning after April 30, 2009, and before 2011. The increase also applies to the advance payment of credit for health insurance costs under the advance payment program.For eligible coverage months beginning in 2010, the HCTC will continue to apply to family members after certain events. Eligibility for Medicare. Once you, the eligible individual, qualify for Medicare, the HCTC will be determined for your qualifying family members for 24 months from the month you first qualify for Medicare. Divorce. If you, the eligible individual, and your spouse are divorced, your spouse will continue to be an eligible individual for 24 months from the date the divorce is finalized. Only family members who were qualifying family members immediately before the divorce was final qualify for this extension. Death. In the case of the death of the eligible individual, the spouse and other qualifying family members who qualified immediately before the death of the qualifying individual will be treated as an eligible individual for 24 months from the date of death.
http://www.irs.gov/publications/p502/index.html
See the SmartMedicalconsumer Wiki for more useful information.
|