Deducting WLS from taxes

NantucketMom
on 10/1/09 2:20 am - SoCal

I am a cash patient. Has anyone successfully deducted their surgery from their income taxes? I know you are allowed to deduct them if it goes over a certain percentage of your income. Every little bit helps.

Thanks!

Medley411
on 10/1/09 2:26 am

probably not. If the IRS finds out they will probably charge you a luxury tax cause you might be rich!

(deactivated member)
on 10/1/09 2:33 am

Yes, any medical expense incurred can be deducted. As you stated, it will be based on your AGI. You won't be able to deduct such things as your protein because those are meal replacements (everyone has to eat). But you can also deduct your prescription medications, and your medical mileage to/from hospitals, doctor visits, etc. And, if overnight expenses were incurred such as hotels, it may be possible to deduct them as well. This may include caretaker expenses as well.

I am not an accountant. Since you are a cash patient, definately seek the help of a CPA at tax time. They will find you every LEGAL deduction possible. Save your receipts and create a mileage log.

good luck!

(deactivated member)
on 10/1/09 2:38 am - AZ

Revision on 12/06/06

On October 1, 2009 at 9:20 AM Pacific Time, NantucketMom wrote:

I am a cash patient. Has anyone successfully deducted their surgery from their income taxes? I know you are allowed to deduct them if it goes over a certain percentage of your income. Every little bit helps.

Thanks!

Oh yeah! I had surgery in Mexico in 2006 and again in 2008. Totally deductable. Plus all my travel expenses, hotel fees, medical expenses for complications, testing in MX, the works.

It depends on your income and such but it's all totally doable!

Medley411
on 10/1/09 2:45 am

WOW! Great for you! Now I know.

(deactivated member)
on 10/1/09 3:06 am - Wiesbaden, Germany

DS on 10/08/13

Yes, I did. It was medically necessary.

Jobsies
on 10/1/09 3:53 am - Pitman, NJ

VSG on 09/22/08

yes.

You can indeed deduct the surgery from your taxes. For federal you can deduct anything above 7.5% of your AGI.

14 pounds lost before surgery. My first ticker is when I hit onderland: this was my goal when I started on this journey. I want to focus on that right now...once I get there I can reevaluate.

My second ticker is my dream goal. Even if I only visit there for a short time, it would be nice to see that number just once. I am pretty sure I'll need plastics to hit this goal.

Tigrlilly1
on 10/1/09 5:55 am

This was a very interesting post! Wondering, even if insurance pays for surgery can you still deduct travel, hotel, meds and supplements? Hmmm

Jobsies
on 10/1/09 11:01 am - Pitman, NJ

VSG on 09/22/08

yes, but you can only claim what the insurance DOESN'T pay. Otherwise you would be double dipping.

Thanks...

14 pounds lost before surgery. My first ticker is when I hit onderland: this was my goal when I started on this journey. I want to focus on that right now...once I get there I can reevaluate.

My second ticker is my dream goal. Even if I only visit there for a short time, it would be nice to see that number just once. I am pretty sure I'll need plastics to hit this goal.

PhatMom
on 10/1/09 6:02 am, edited 10/1/09 6:03 am

RNY on 06/23/08

Yep, I deducted mine, or rather the accountant that does my taxes, did last year. My surgery was a 'package' type deal and over $18,000.00.

I'd check with a professional, because it's really worth it.

--Danelle

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My best friend gave me the best advice
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Deducting WLS from taxes

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Deducting WLS from taxes