PPRuNe Forums - View Single Post - Over 40 Medical Fees
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Old 5th Apr 2001, 12:59
  #7 (permalink)  
offshoreigor
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Cool

PIGBOAT:

You must be under 40 because the $75.00 rule only applies to those under 40. Over 40 you pay the $55.00 AIP fee every 6 months. These are the cold hard facts.

As for tax deductions, the $75.00 you claim may get you all of about $00.01 in tax reduction as the more you earn the less you can claim in Medical expenses.

The AIP fee cannot be claimed as a Professional or Other Fee only a medical expense.

Cheers, OffshoreIgor


[This message has been edited by offshoreigor (edited 05 April 2001).]