Anyone Deduct Wls?

[Susysleever 265]

I was thing about this as the sleeve and airfare ( I am driving however) might be a nice deduction. I am not sure what ACA will.do to taxes . I'm waiting for ssa back pay to schedule and a passport. Let me know if anyone has thoughts or advice.

[Kindle 8,667]

I talked to a good friend of mine who is an accountant and she said medical and dental expenses (including travel) is tax deductible. Doesn't matter where it's done....I'm going to Mexico. I believe it is entered on your schedule A and unreimbursed expenses over 7.5% of your adjusted gross income is deductible. I.e. If your adjusted gross income is 30,000, you can deduct all expenses over $2250. Unless, of course, you have an HSA insurance policy, then all money paid through the account is deductible.

**I am NOT an accountant, so don't take my advice as absolute truth

[Susysleever 265]

I thinks this is a great idea for all self pays.

[gamergirl 4,609]

I would also suggest asking your doctor for a prescription for Protein shakes and bariatric Vitamins. Once you add all those in, your chances of meeting the deductible required for tax purposes (x% of gross Income) is much better.

As kindle said, I too am not an accountant so.... )

[*susan* 1,709]

I absolutely claimed it, along with my expenses on my taxes, and received a very nice refund that year!

[AmandaRaeLeo 2,146]

That's my plan. I withdrew money from my 401K to pay for surgery so the deductions will hopefully balance it out.

[ipso_fatso 11]

I talked to a good friend of mine who is an accountant and she said medical and dental expenses (including travel) is tax deductible. Doesn't matter where it's done....I'm going to Mexico. I believe it is entered on your schedule A and unreimbursed expenses over 7.5% of your adjusted gross income is deductible. I.e. If your adjusted gross income is 30,000, you can deduct all expenses over $2250. Unless, of course, you have an HSA insurance policy, then all money paid through the account is deductible.

**I am NOT an accountant, so don't take my advice as absolute truth

I believe this has been raised to 10% effective for tax year 2013, unfortunately. Because I make more money than my wife, she is going to "pay" for my surgery and then we are going to file separately this year to maximize the deduction.

[bulldog1973 88]

Since all things taxes scares me, I send everything to an accountant. However, since I financed my surgery do you think I would still be able to deduct it?

[gswags 11]

I have worked in taxes as an accountant since 1987. Have been sole owner of tax practice since 1992. The costs including travel expenses are deductible. It must be over 10% of income (changed in 2013 from 7.5%) unless you're over 65 then it is still 7.5%. My wife and I are having surgery in Mexico 5/20/14. I found out about surgeon and Beliteweight from a tax client who inquired about deducting costs. This started my journey on surgery. If you use a Health Savings Account or Flexible Spending Account, that would not be deductible because this is normally a pre-tax deduction through your employer.

Edited May 11, 2014 by gswags

[bams1220 6]

Does anyone know if I can use my Flex Spending Account for reimbursement for the Sleeve surgery?