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Tuesday, February 10, 2009

Some Possible Tax Breaks for the Unemployed

by taxnick on February 10, 2009

If you’re unemployed, your tax bill will probably decline:
Deduction for medical expenses. Co-payments, deductibles and other unreimbursed medical expenses are deductible only if they exceed 7.5% of your adjusted gross income.
The income cut-off prevents most people with jobs and employer-provided health insurance from deducting medical expenses. But if your income has declined and you’re paying [...]

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