stpatty 18 Posted August 18, 2016 So I've been thinking I'll borrow from my 401k to pay for VSG. Now I'm thinking if I cash out the amount I need, I can itemize at tax time and claim the surgery as a deduction. Has anyone had any experience in this? Sent from my iPhone using the BariatricPal App Share this post Link to post Share on other sites
OutsideMatchInside 10,166 Posted August 18, 2016 I would take the loan and not cash out. A loan is better and you pay yourself back, lower interest than CareCredit. You have to think if itemizing is really better than taking the standard deductions. Ask an accountant, a real tax accountant not someone at HR Block or whatever. Share this post Link to post Share on other sites
stpatty 18 Posted August 18, 2016 Thanks! Sent from my iPhone using the BariatricPal App Share this post Link to post Share on other sites
John Sowder 0 Posted January 3, 2017 So was you able to get the surgery covered? Did you have to pay a rider to the insurance? Share this post Link to post Share on other sites
