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Medical expenses treatment

ClaptonBay · 2019-01-04 10:33:24

How do you treat medical expenses in a tax computation. EG spent €1,000 on laser eye treatment, tax relief is 20%. Is the relief a non refundable tax credit of €200 in a computation or do you deduct the full €1,000 from your Total Income to arrive at taxable income. EG total income 60k less 1k, taxable income deemed 59k.…

04-01-2019 10:33AM

#1

ClaptonBay

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Join Date: April 2015

Posts: 160

How do you treat medical expenses in a tax computation.

EG spent €1,000 on laser eye treatment, tax relief is 20%.

Is the relief a non refundable tax credit of €200 in a computation or do you deduct the full €1,000 from your Total Income to arrive at taxable income.

EG total income 60k less 1k, taxable income deemed 59k.

Would greatly appreciate any advice.

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Comments

#2 05-01-2019 04:56PM

mystic86

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Join Date: February 2005

Posts: 2847

The former, if it was the latter it would be at your marginal rate of 40%.

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