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taxes

5 Last Minute Ways to Save Before Tax Day

Written on April 16, 2012 at 9:00 am , by

Staying healthy has many perks, but having extra cash is one of the bigger ones! (Photo courtey of Shutterstock.com)

If you haven’t filed your taxes yet, you’re in luck! We got some tips from FOX Business Network’s Melissa Francis on health and wellness deductions you might be able to make. Check out her tips to save some cash below.

1. A lot of people don’t know that can you get credit for medical expenses as long as they exceed 7.5 percent of your adjusted gross income. That’s not a tough hurdle considering how quickly bills add up. Put together your receipts for the doctor and the dentist and don’t forget about eye doctors, chiropractors, psychologists and even acupuncture sessions! The IRS takes non-traditional medical practitioners into account as well.

2. Another reason to kick a bad habit: You can deduct what it costs to join a smoking-cessation program.

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