Bariatric surgery tax deductible?
Generic User_Name
on 2/2/12 11:37 am
on 2/2/12 11:37 am
According to the IRS website, www.irs.gov/publications/p502/ar02.html#en_US_publink1000178 993,
"You can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI (Form 1040, line 38)."
Translating the previous quote into English, you can deduct the amount of medical and dental expenses that is greater than 7.5% of your adjusted gross income.
Bariatric surgery is considered an operation and "you can include in medical expenses amounts you pay for legal operations that are not for unnecessary cosmetic surgery."
"You can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI (Form 1040, line 38)."
Translating the previous quote into English, you can deduct the amount of medical and dental expenses that is greater than 7.5% of your adjusted gross income.
Bariatric surgery is considered an operation and "you can include in medical expenses amounts you pay for legal operations that are not for unnecessary cosmetic surgery."
It's tax deductable but you can only deduct it if your medical expenses are more than 7.5% of your adjusted gross income. I'm guessing they were though.
If you think you make the cutoff, you should deduct EVERYTHING. This includes co-pays for pre-op and post-op visits and testing, lab test costs, mileage driving back and forth to the doctors. Most years that stuff doesn't add up enough but in a year where you have to self-pay for surgery, they should.
Here's the completely IRS rules on what you can and can't deduct:
http://www.irs.gov/publications/p502/ar02.html
If you think you make the cutoff, you should deduct EVERYTHING. This includes co-pays for pre-op and post-op visits and testing, lab test costs, mileage driving back and forth to the doctors. Most years that stuff doesn't add up enough but in a year where you have to self-pay for surgery, they should.
Here's the completely IRS rules on what you can and can't deduct:
http://www.irs.gov/publications/p502/ar02.html
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You put it all on your tax returns is what I meant. You have to put it all on there even if you only put the total over 7.5% in the little box that subtracts from your tax owed.
HW - 225 SW - 191 GW - 132 CW - 122
Visit my blog at Fatty Fights Back Become a Fan on Facebook!
Starting BMI 40-ish or less? Join the LightWeights