2016-2021© Copyright The Kaizen Tropical Wellness Institute, LTD.
Tax Deductible
Right out of Turbo Tax…
“ Weight loss programs ARE deductible.
All programs – whether a big commercial program like Weight
Watchers, Jenny Craig or a physician or hospital-based weight
loss program – can be deducted, providing your doctor has
confirmed that your current weight is a threat to your health, and
has therefore ordered you to enroll in a program to treat a
specific disease, whether obesity (a designated disease as of
2002), hypertension, heart disease, or high cholesterol, for
example. You must have this in writing.
Expenses must be legitimate
While you cannot deduct the obvious – such as the cost of diet
foods (considered a personal expense), home exercise
equipment, health club/gym/spa dues, nutritional supplements
or any costs that are covered by insurance – legitimate program
expenses include everything from initial fees to meeting fees to
behavioral counseling, to appointments with physicians,
dietitians, and nutritionists.
Consider costs
To get a deduction, costs must exceed 7.5% of your adjusted
gross income. If you make $45,000, for example, you can deduct
weight loss expenses above $3,375; if you make $50,000, you can
deduct medical expenses exceeding $3,750.
Vanity doesn’t count
Thinking
about
getting
liposuction
to
suck
away
those
extra
five
pounds
you’re
carrying
on
your
hips?
Considering
joining
a
gym
just
because
you
want
to
look
–
and
feel
–
better?
Expenses,
as
such,
that
are
merely
beneficial
to
general
health,
do
not
count,
but
things
like
Bariatric
surgery,
FDA-approved
weight
loss
drugs
and
other
medical
expenses
–
providing
they
relate
to
alleviating
or
preventing
a physical or mental defect or illness – do. “
The Kaizen Tropical Wellness Institute
The Kaizen Tropical Wellness Institute
The Kaizen Tropical Wellness Institute
The Kaizen Tropical Wellness Institute