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Conference Challenge Addition

November 4th, 2008 at 12:57 am

Well, I got a reimbursement from my employer for a conference I went to. This brings my Conference Challenge amount to $516.00.

I have already decided that when I get my reimbursement for the conference I am going to, I will use however much it takes to wipe out the rest of hospital debt #1. Woo-hoo! The rest of the reimbursement I want to hang onto in a special account for the conference I go to in 2010.

4 Responses to “Conference Challenge Addition”

  1. jIM_Ohio Says:

    You may be able to get a tax deduction if you have high medical expenses paid in one year.

    If you know your AGI, multiply by 7.5% (for example 50k*7.5% is $3750). Any medical expenses above $3750 are deductable on the tax return.

    I see you have $3000 of medical expenses, if your AGI is less than 40k you could possibly deduct them (and save even more money) if the bills were paid in the same tax year.

  2. crazyliblady Says:

    No, actually these medical bills are from 2006. So you can see why I am anxious to get them paid off. Thanks, Jim.

  3. kdmoffett25 Says:

    You can always file an amended tax return to claim them as well.

  4. crazyliblady Says:

    I don't think so. Even with all medical expenses and other items like that added together, I did not have enough to get more than the standard deduction.

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