Saturday, February 19, 2011

Can you deduct cosmetic surgery costs on income tax?

I had my sinuses clean and had the surgeon also perform some cosmetic surgery on the nose, at the same time. I said some of them would be billed to insurance, but it was not recoverable due to cosmetic surgery done. Then the costs deducted as medical expenses on income tax? No, because it is an elective procedure. Yes, if you meet the requirements of the deduction (7%? Income), all medical procedures are deductible. Cosmetic surgery is not deductible. If insurance does not cover, or the IRS. Only the portion of the breast (it has to be precise). Not all medical procedures are deductible! Cosmetic, reconstructive surgery may be offset in limited circumstances. In your situation, the cost to correct a defect for you to breathe properly is deductible. However, surgery to improve the appearance of the nose would not be deductible. There are cosmetic - it is not medically necessary care if a part of the process can be separated from the cosmetics (Ask your doctor if you can) as part of medically necessary, may be deducted if you know the rules to deduct other medical expenses ( specify, on the basis of only the part that has more than 75% of revenues). Plastic surgery is not deductible on your taxes .

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