Use My Organize Your Medical Receipts – Reduce Your Tax Preparation Fee
February 2021
If your tax return preparer needs to sort and list your medical receipts, it takes a lot of time. If your preparer charges based on time, this is a costly exercise – so do it yourself. In this article, I provide you with some instructions on how to organize your receipts, including some work charts. This is a PDF file – click here: Organization of Medical Receipts . To read the PDF file, you may need to download Adobe Reader.
In addition, I recommend you read my article “Medical Expenses and Taxes – What Can You Claim?” This article is based on Canadian taxes, but the organizing principles work elsewhere too.
When determining your medical mileage, you many need to use an online program to calculate the distance if you do not know it, such as MapQuest.
Blair Corkum, CPA, CA, R.F.P., CFP, CFDS, CLU, CHS holds his Chartered Professional Accountant, Chartered Accountant, Registered Financial Planner, Chartered Financial Divorce Specialist as well as several other financial planning related designations. Blair offers hourly based fee-only personal financial planning, holds no investment or insurance licenses, and receives no commissions or referral fees. This publication should not be construed as legal or investment advice. It is neither a definitive analysis of the law nor a substitute for professional advice which you should obtain before acting on information in this article. Information may change as a result of legislation or regulations issued after this article was written.©Blair Corkum