Taxes

[Blondie638 98]

This may be a dumb question, but can you get a tax break/credit if your self pay for lap band?

[mrsto 2,925]

For 2012, unreimbursed medical expenses are deductible on your taxes, but only if the medical expenses exceed 7.5% of your adjusted gross income. For instance.....if your adjusted gross income is $50K, then you could deduct medical expenses over and above $3,750. Given this, if you were out of pocket $6K on the surgery, you could deduct $2,250 of it.

When you figure this out at year end, make sure to pick up all of your copays, prescriptions, eyeglasses, contact lenses.....ALL medical that was not reimbursed by insurance. Your accountant would be the best source to advise on on this overall.

Edited March 16, 2013 by MRSINTO

[CHEZNOEL 4,061]

Yes, I claimed my self pay last year.

[dani_nyc 224]

My motto.. Submit it to your accountant and see what happens!

[FLORIDAYS 3,040]

It depends on your income.... I was able to claim mine in 2010 as a medical deduction. Check with your accountant to be sure. Or if you are doing it yourself... Most software will figure out the amount you need to have spent based on income to determine if you can take the deduction.

[SueBee01 630]

I have been deducting all of my medical expenses. Follow TurboTax. It walks you thou it. You have to keep track of everything! Don't forget you can even deduct the mileage to drive to each of you appointments, to the pharmacy, parking fees, etc. I even deduct he Vitamins i take now that the doctor has prescribed them! Track it all!