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eligible expense

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eligible expense
Health insurance An expense defined in a health plan as being eligible for coverage–eg, specified health services fees or “customary & reasonable charges”


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If your adjusted gross income for the year was $50,000, then you would be able to deduct $2,330 in medical expenses on Schedule A when you file your 2008 taxes ($6,080 in eligible expenses, minus $3,750, which is 7.
Broadly, the scheme reimburses up to 50% of eligible expenses incurred in exporting goods and services overseas or bringing inbound tourists to Australia.
FSAs and HSAs allow employers and employees to set aside pretax dollars to pay/reimburse "qualified" eligible expenses.
 
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