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Summary: Trying to find out whether you medical expenses are deductible? Learn about cosmetic surgery tax deductions in this free video clip about tax deductible items.
Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. He has been in self-employed tax practice for over 40 years and he has been...read more
"Tom Choisnet, enrolled agent. I am going to go into medical expenses because in the present climate where we have things such as liposuction and cosmetic surgery, and the other elective surgeries that seem to be abound in today's society, the government specifically says that cosmetic surgery is not deductible, but that seems to be more policy than law and I'm going to read something here about it. Medical expenses are defined as expenses incurred in diagnosis, cure, mitigation, treatment, or prevention of disease, and, get this one, or for the purpose of affecting any structure or function of the body. So under that particular definition, that would seem to include cosmetic surgery, so it's one for discussion, and certainly if you're judicious about it and have other medical reasons for incurring such surgery, you can think of some things, it's certainly one for discussion and cover it with your tax accountant, or certainly make up your mind whether or not you're going to deduct some of it, if not all. Thank you. Take a look at some of my other clips, and I've got some other ideas. In fact, this one continues with medical, the second part. Thank you."
eHow Article: Tax Deductions for Cosmetic Surgery
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Comments
webtomed said
on 7/31/2009 STOP Plastic Surgery Tax
The medical aesthetics industry is under attack!
The US Government is pushing for 10% Plastic Surgery Tax on cosmetic procedures which are not deemed medically necessary.
This includes Botox, Liposuction, Rhinoplasty, Teeth Whitening, Face Lift, Tummy Tuck and more!
Your action is needed now! Help us stop the 10% Plastic Surgery Tax!
Sign the STOP Bo-Tax petition today!
http://www.stopbotax.org/