Tax Question

**Preston** · 12-18-2009, 06:51 AM

Tax Question:

I have enough medical expenses this year above the 7.5% floor and I'm getting my breakdown ready but I was curious.

I have a dental insurance premium which comes due Jan and Jul. I paid this year in Jan and July respectively, but I was wondering if I paid it by the end of the year for Jan if that would be a qualifying expense for this year or would it not be worth it to pay early?

Any advice would be appreciated.

**Greebo** · 12-18-2009, 09:16 AM

Honestly no clue but if you go to Turbotax.com and ask in their community I think you'll get a reliable answer.

**Birdie** · 12-18-2009, 09:33 AM

It should be a qualifying expense for 2009 if paid in 2009. It is the year the expense is paid, not the service year for the expense. It's called stacking expenses.

When I had a mortgage, I would prepay my mortgage for January and sometimes other months in December, to stack my deductions. Works the same to prepay property taxes.

**mombottoo** · 12-18-2009, 09:47 AM

Any medical expenses you pay by December 31st qualify as an exemption on this years tax return. So if you can pay the dental premium this month go for it, since you have already reached the necessary threshold for this years deduction.