New York A02510 establishes a tax credit for cancer treatment medical expenses.

New York A02510 amends the tax law to establish a cancer treatment credit for medical expenses. This credit applies to taxpayers diagnosed with cancer or with dependent children diagnosed with cancer. The credit covers expenses related to diagnosis, cure, mitigation, treatment, and prevention of cancer, including insurance deductibles, non-covered prescription medication, wigs, prosthetic devices, and other out-of-pocket costs. The credit amount is limited to $500 per taxable year per taxpayer or child diagnosed with cancer.

New York A02510 establishes a tax credit for cancer treatment medical expenses.

New York A02510 amends the tax law to establish a cancer treatment credit for medical expenses. This credit applies to taxpayers diagnosed with cancer or with dependent children diagnosed with cancer. The credit covers expenses related to diagnosis, cure, mitigation, treatment, and prevention of cancer, including insurance deductibles, non-covered prescription medication, wigs, prosthetic devices, and other out-of-pocket costs. The credit amount is limited to $500 per taxable year per taxpayer or child diagnosed with cancer.