If you’re working to improve your health by combating addiction or diseases such as obesity, it’s nice to know that some of your expenses may qualify as deductible medical costs. Different rules apply to different types of treatment, so check out these general guidelines below.
Smoking Cessation: If you have unreimbursed expenses related to programs or prescribed medications designed to help you quit smoking, these qualify as deductible medical expenses. However, over-the-counter products, including nicotine gum, do not qualify.
Alcohol and Addiction Treatment: Expenses related to inpatient treatment for drug and alcohol addiction are qualifying medical deductions. This includes meals and lodging. Additionally, transportation costs for travel to addiction support and recovery groups such as Alcoholics Anonymous can be deductible medical expenses, as long as you are attending these meetings based on your doctor’s advice regarding the treatment of addiction/alcoholism.
Obesity Treatment: If your doctor has diagnosed you with obesity, some of your weight loss expenses may qualify as deductible medical costs. Qualifying expenses can include membership in a weight reduction group and expenses related to attending support group meetings. However, keep in mind that diet food and beverages typically do not qualify as medical expenses.
Getting healthy is its own reward, but deducting qualified medical expenses from your journey toward a healthier future can help reduce the financial burden of your treatment. For questions about deducting qualified medical expenses or for other tax help, feel free to call the tax team at Taxation Solutions, Inc. We’re here to assist Mesa-area taxpayers with tax problems large and small!