By Robert Flach
NEW YORK ( MainStreet) -- Most taxpayers probably know that the key to getting the best possible refund (or at least the lowest possible tax burden) is to milk the deductions to their absolute maximum, taking advantage of every single one for which they qualify.
|These commonly overlooked deductions can ensure you get the most back possible.|
Travel expenses to and from doctors, dentists, hospitals and other health care providers to get medical care and round-trip travel costs to visit a sick spouse or a dependent are deductible if the visits are recommended by a doctor as part of the patient's treatment. If you take a taxi, bus, train or ambulance you can deduct the actual expense of the trip, and if you drive you can deduct 19 cents per mile traveled between Jan. 1 and June 31 and 23.5 cents per mile driven from July 1 to Dec. 31, plus any parking fees and tolls. The cost of lodging you (or anyone accompanying a patient, such as a parent or spouse) while away from home for medical care is also deductible, up to a maximum of $50 per person per night. Note that you can deduct the cost of the hotel room, but not the dinner bill.