Self-payer and Income taxes

[Ann D 0]

Banders-Self-payers,

I hope you all know and in case you don't if you kept all your receipts you can claim Lap-Band surgery on your taxes. Ask your tax preparer. I am receiving a little over a 1/3 of what I spent back on my taxes.

Not bad. It is a savings for those that are struggling. I luckily had a loving husband that just retired and received a lumpsum payment, who helped pay for my surgery.

Now my tax money can go towards new cloths or paying off part of the debt I got in over this surgery.

Good luck and keep up all the good work

[Rocket City Guy 0]

Banders-Self-payers,

I hope you all know and in case you don't if you kept all your receipts you can claim Lap-Band surgery on your taxes. Ask your tax preparer. I am receiving a little over a 1/3 of what I spent back on my taxes.

Not bad. It is a savings for those that are struggling. I luckily had a loving husband that just retired and received a lumpsum payment, who helped pay for my surgery.

Now my tax money can go towards new cloths or paying off part of the debt I got in over this surgery.

Good luck and keep up all the good work

Just a quick caveat on this...in order to get a tax benefit from this surgery, or any surgery you must file an itemized return and you can only claim the medical expenses that exceed 7% of your adjusted gross income. That said, you can include mileage or airfare to the doc, hotel rooms, etc, so save all associated receipts!. For more info, please see http://www.irs.gov/pub/irs-pdf/p502.pdf

[Hastings 3]

Another little addendum, I think you can file an amended tax return, if you have your receipts and can deduct the costs.

[snowbird 2]

Glad you said this. I keep seeing where people say it's tax deductible, like the whole thing is automatically a deduction. NOT! Since we drive to Mexico for dental work as well as our fills, we have started to keep track of mileage and other travel-related medical expenses better, though.

[Wheetsin 714]

See this thread, then account for any TY07 changes. What I posted was accurate, at the time. I haven't even looked at TY07 tax changes tho.

http://www.lapbandtalk.com/f17/irs-tax-deduction-weight-loss-surgery-32327/