One of the biggest challenges when it comes to calculating rent for subsidized properties is determining the appropriate medical deduction for eligible households. Every family spends some of its income on health-related expenses, but not all families and not all expenses qualify to be deducted. Even when expenses are accounted for correctly, they’re still subject to the 3% rule.
In this 2-hour webinar, students will be presented with a variety of different expenses they may encounter at their sites and will learn which ones are valid and which are not. We’ll cover everything from the basic medical expenses we encounter each day, to the more complicated ones which fall into a gray area of compliance. The class will break down whose medical expenses may be deducted, along with what types of over-the-counter costs are also considered eligible. During an interactive case study, the class will participate in analyzing and calculating a family’s total medical expenses and resulting medical deduction.
Whether you’re new to the industry or a seasoned professional looking to brush up your skills, this webinar will clarify everything you’ve been wondering about the nebulous medical deduction.