Tuesday, April 7, 2009
Tax Deductions for Weight Loss
It's that time of the year again. Time to file our 2007 Federal Income Tax. Treament for conditions such as obesity, hypertension, and heart disease are eligible deductions on your federal tax form as long as certain conditions are met.
Fees you pay for membership in a weight loss reduction group and attendance at peridioc meetings meet the criteria.
You cannot include membership dues in a gym, health club, or spa as medical expenses. On the other hand, you can include sepaerate fees charged at these places for weight loss activities.
In order to claim any of these items on your federal income tax form, you must file the itemized form. To get a better understanding of all items that meet the criteria, check IRS Publication 502. It also covers most frequently asked questions.
There are a couple of other sites that have some good examples of programs that are eligible. I've covered them in this post.
Read More...
[Source: Fatty Weight Loss]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment