Austin Accountant Publishes Timely Tax Guide
In her new book, “B.I.T.E. Your Bills: A Four Point Plan to Cut Medical Expenses for Disabled Children, Adults and Seniors,” http://www.BiteYourBills.com, accountant Yolanda Baker explains a unique method she developed that reimbursed $28,000 of her autistic son’s medical costs over a two-year period.
This no-nonsense guide illustrates specific tax deductions for health care costs for special needs families in an easy-to-read format. Topics include:
- Capital expenditures
- Claiming dependents
- Tax credits helpful for special needs families
This book for the disabled offers examples from court cases and explains which tax deductions special needs families need most. Some of the case examples are:
- Alternative medical treatments
- Long-Term care expenses
- Medical food
- Service animals for physical or mental health issues
A 2009 article from the American Journal of Medicine found approximately 60% of the bankruptcies researched was due to medical expenses. According to the article, “Most medical debtors were well educated, owned homes, and had middle-class occupations. Three quarters had health insurance.”
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