Medical expense deductions can add up to a huge savings for you and your family. If you have a certain item and are wondering if you can deduct it as a medical expense you may want to try on online tax service such as TurboTax.

Under the current federal medical tax deductions you may not deduct certain items such as gym memberships, over the counter medicine, vitamins, cosmetic surgery, dental work considered cosmetic, or any type of veterinary care for an animal.

Have a question about your medical expenses? Visit TurboTax online to see if you can maximize your tax return. TurboTax online offers  tax deduction calculators at no charge. The only time you pay a fee is if you decide to use their service to file your taxes. 

The main idea of this plan is to put money back in to the middle class. The middle class could potentially see huge tax breaks from unemployment benefits to early withdrawals on retirement accounts. The Child tax credit is likely to see an increase from this package as well.

Visit TurboTax Online this tax year to get all of the up-to-date tax information when filing your return.

If you do in fact meet any of the above requirements then you may also be eligible for a $300.00 credit for each qualifying child. To receive the credit either for you or children, a social security number is required. You will not receive this credit if you are a dependent on someone else’s return.

This credit may be reduced by certain factors. Your average gross income for a single filer must be below $75,000 and below $150,000 if you are married filing jointly. The credit will be decreased by 5% of your average gross income for any earning above and beyond the credit thresholds. If you did receive a stimulus check in 2008 then this amount will also be eliminated from your total recovery rebate credit. You will not be required to pay any overpayments back if your credit is less than the stimulus check that you did receive.

TurboTax will automatically let you know, as you prepare your 2008 tax returns, if you qualify for a tax rebate. It will also do the calculations for you.

To claim the credit on your 2008 return, please visit TurboTax Online.