taxes

[FLA]

I always do my own taxes, no issues. This year mega issues. I received short term disability from my company and privately. I was in such a fog, I just tossed the pay check info away, for the life of me, I cannot remember if they took taxes out. I just found out long term disability does not take taxes out but will at the amount of your choice. I also had two days of actual work in January, that will be taxed.

My plan:

call short term disability companies, find out if they took out taxes, if they did not, I will request a statement of what I received because I need this info before I can start to figure out how much to be withheld

i have the LTD statements

For the first time, I have no mortgage. But I might have enough in medical expenses to make not taking the standard deduction the better choice. But of course, I did not keep most of my co-pays or med receipts because first, I was using up my FSA but also because I never dreamed I would not be working. So I've started collecting receipts but I have to go back and see if docs, pharmacy, hospital, etc will be willing to give me a print out of what I paid so far this year. Several docs said no problem and so did CVS. I think you can count mileage to MD offices. It will be a PITA but maybe worth it? Has anyone done this?

what do you guys think? I want to withhold taxes from the LTD payer, I will find out if STD did or didn't. Then I will have a nearly complete idea of what I am going to make this year as long as LTD doesn't drop me. Is there anyone here who could help me decide what to deduct once I have all the information? I would rather overpay in this situation because I would have a hard time coming up with the money if I owed them, kwim?

thanks

[Joan.of.the.Arch]

Definitely get those re-created receipts and records. Keep track of the medical care travel mileage. We also never had enough deductible items to amount to more than the standard deduction until we had to buy our own health insurance. So now we keep all those usual receipts, the parking charges, the receipt from the taxi the day I had a flat tire when I went to an appointment. I write down the odometer readings from the travel, too. Remember to keep everything from dental and optometric appointments. There may be other health-related things that you should keep--chiropractor? podiatrist?-- I'm not sure which count.

Hope someone can advise you more about taxes.

I sure understand not being able to do anything "office-y" when you are medically down. I've had that experience myself. Hard to make rational decisions when you cannot think straight, when you are unconscious, can't hold a phone to your ear, have double vision on the computer, are taken over by pain, nausea, exhaustion, etc.

[FLA]

I sure understand not being able to do anything "office-y" when you are medically down. I've had that experience myself. Hard to make rational decisions when you cannot think straight, when you are unconscious, can't hold a phone to your ear, have double vision on the computer, are taken over by pain, nausea, exhaustion, etc.

I have done so many stupid things and then forget them, find out about them later, put everything in a big basket and tell myself I will do this "soon". I did go through it last month. But the online banking I've had for at least 10 yrs, I am making mistakes, like not hitting the submit button, and not realizing it until the company emails me. The times I've done this, I called and explained, interest and fees were kindly dropped That i missed bills made me paranoid, so some I paid twice! In my head, I know how to handle all of this stuff, it just doesn't happen properly when I try to actually do it.

Like figuring out all the medical expenses would not be a huge deal for me normally. Now it's overwhelming and confusing, to the point I'm just not doing anything but asking for receipts from now on. I was always an organized person, I know it's my brain messing up but I cannot stand that I am losing that. I probably have 5 baskets of clean laundry that I have left there for months and months. I care, I want to make it better, it just doesn't happen. I don't feel well enough (I have bent over to empty a basket and got so dizzy I landed in it a time or two, lol) or I am in this fog, don't know what day it is, and I sometimes become un-foggy at the end of the day, realize I have zero memory of the day, not sure if I even ate. It's just so weird and so not like me.

ok, whine over, time for cheese

[Braje]

from IRS
If you and your spouse are both under age 65, on your 2014 tax return that you will file in 2015, you can deduct on Schedule A, Itemized Deductions (Form 1040) only the amount of your unreimbursed allowable medical and dental expenses that is more than 10 percent of your adjusted gross income (AGI) from Form 1040, line 37.
Just an FYI

[FLA]

thank you. maybe I can get a 1040 and fill it in with the hypothetical income I will have and if 10% of the AGI is a huge amount of money that I could not possibly have spent on medical, then I can skip trying to recreate it all.

I just got long term disability for $2900 a month after a few months of no income and a few months of low income. Can anyone suggest roughly, and I mean very roughly, what I should have them take out in taxes? I would rather overpay now, rather than get hit hard next year.

this may be a repeat, sorry, I get forgetful at night, lol