Submitted By: Joseph
Answered: February 12, 2016 12:01 pm

My wife spent considerable time in the hospital. Can I deduct my mileage and lodging to visit her?

Unfortunately, the tax law limits a medical expense itemized deduction for travel costs to the patient in most cases. The only exceptions:

  • Travel to accompany a patient who is unable to travel on his/her own (e.g., a parent’s fare needed to accompany a child who requires medical care)
  • Travel ordered by a physician to help the patient (e.g., a doctor ordered a wife to provide nursing care for an ailing husband in a distant city)
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Tax Glossary

Market discount

The difference between face value of a bond and lower market price, attributable to rising interest rates. On a sale, gain on the bond is generally taxed as ordinary income to the extent of the discount.

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