What are the Tax Implications and Benefits for Cancer Patients?
Cancer patients may be eligible for various tax deductions and benefits:
1. Medical Expense Deductions: You might be able to deduct medical expenses that exceed a certain percentage of your adjusted gross income. 2. Disability Tax Credits: If you qualify as disabled, you might be eligible for specific tax credits. 3. Early Withdrawal Penalties: Some retirement accounts allow penalty-free early withdrawals for qualified medical expenses.
