In the U.S., are major dental procedures considered tax-deductible?
If someone is going to undergo a major dental/medical procedure (k+), is there any way to deduct the money paid for the procedure, or at least part of it?
2 Comments
Sorted by latest first Latest Oldest Best
Does your company offer a Medical Savings Account? That can allow you to reduce your taxable income. You normally have to join during "open season".
Another option is Medical and Dental Expenses above 7.5% of your adjusted gross income. This is a high hurdle to meet, and only reduces your taxes by the tax rate x the amount your bills exceed 7.5%
If medical, not cosmetic, you can deduct medical expenses to the extent they exceed 7.5% of your adjusted gross income.
Note: it's been announced that starting in 2013 the deduction is for amounts exceeding 10% of AGI.
Terms of Use Privacy policy Contact About Cancellation policy © freshhoot.com2025 All Rights reserved.