http://www.acufinder.com/Acupuncture+Information/Detail/Is+Acupuncture+Tax+Deductible+ 04/19/2024 01:39:08 pm Is Acupuncture Tax Deductible? By: Diane Joswick, L.Ac., MSOM
What is a medical expense? Acupuncture falls under the definition of a medical expense which is: “the costs of diagnosis, cure, mitigation, treatment, or prevention of diseases, and the costs for treatments affecting any part or function of the body. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.” What expenses can you include? ACUPUNCTURE TREATMENTS: PRESCRIBED HERBS AND SUPPLEMENTS: TRANSPORTATION TO ACUPUNCTURE APPOINTMENT: Bus, taxi, train and plane fares primarily for and essential to medical care are also included. How much of the expenses are included? You can deduct only the amount of your total medical and dental expenses for the year that is more than 7.5% of your adjusted gross income. Click here to see IRS information about medical tax deductions: More medical expense information Printed from Acufinder.com http://www.acufinder.com/Acupuncture+Information/Detail/Is+Acupuncture+Tax+Deductible+ 04/19/2024 01:39:08 pm |