And when he wasnât making music, he was picking up beautiful women or awards including Grammys and even an Oscar. But for Prince all the dizzying success meant little. As he searched for purpose to his life he became friends with one of his heroes â former Sly and the Family Stone bassist Larry Graham, now 63.
Medical Expense Deduction. You can deduct medical mileage as part of your overall medical expense deduction. The IRS limits the medical deduction to the amount of medical expenses in excess of 7.5 percent of your Adjusted Gross Income.ther Considerations. Instead of figuring your mileage deduction, you may deduct the actual costs you incurred in traveling to and from your medical appointments. You can deduct the cost of gas and oil for the trips you made.
Deducting Medical Expenses Doctor visits, prescriptions, and other medical expenses can quickly pile up, even after your insurance pays its share. Luckily, thereâs a built-in tax break to help pay for these expenses, at least if the math works in your favor. This is the medical expense deduction, and it lets you recoup some of the cost of qualifying expenses on your tax return. First, note that to deduct a medical expense, it has to be an unreimbursed expense. That means if you pay for an expense out-of-pocket but get reimbursed by your insurance company or anyone else, you canât claim that expense as paid by you. You may be able to deduct expenses like medical supplies, dental treatments, and insurance premiums.