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When Are Breast Implants Tax Deductible? Wigs? Music Education? Answers may Surprise

When Are Breast Implants Tax Deductible? Wigs? Music Education? Answers may Surprise

Feb 19, 2011

Tax MD

Test your TaxMed IQ

How well are YOU taking care of your (tax) body? Tell me whether these are Y-Deductible; N-Not Deductible; USC –Under Specific Circumstances

  • The one you ALL ask me about — Cost of hotel room for sex therapy?
  • Navajo healing ceremonies (a/k/a “sings”)
  • Jewish healing ceremonies (a/k/a “zings”)
  • Clarinet lessons
  • Flute lessons
  • Wigs
  • Teeth whitening to reverse age-related discoloration
  • Marijuana, prescribed by a physician in a state where it is legal.
  • Air Conditioner
  • Prospective kidney donor expenses
  • Breast implants
  • Liposuction
  • Please note that legitimate and unreimbursed medical expenses are only deductible if you itemize deductions and only to the extent that they exceed 7.5% of your adjusted gross income. See your tax adviser or physician for further details.

    Answer directly with Richard through email or use the comment section if you dare be publicly embarrassed.  The correct answers will be published shortly.

    Richard Streitfeld, CPA, CFE
    www.peaceloveandbusinessplanning.com
    “Prosperity for the rest of us”

    401.223.0205 x118

    fax 401.223.0209

    www.alscpa.com

    “Sorrows are the rags of old clothes

    and jackets that serve to cover,

    then are taken off. That undressing,

    and the naked body underneath, is

    the sweetness that comes after grief.”

    Rumi

    Richard Streitfeld (2 Posts)


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