I had significant medical expenses this year. I’d guess they were about 20% of my income (married, filing jointly). My parents have offered to give me about half the amount to help cover things. Will accepting the gift before the end of the year in anyway harm the deductions I can take on the medical expenses? I’m unclear on whether a gift is considered income and whether it will increase my overall earnings or have some other effect on my tax status that oils reduce the effect of the deduction. Thanks for your help. If there’s a better forum for this, let me know.
Submitted December 15, 2018 at 09:44AM by Ugh_Username12 https://ift.tt/2PDFByz
