Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-15-2009, 04:46 PM
Junior Member
 
Join Date: Jun 2009
Posts: 1
Is the Cost of "Lasic Eye Surgery" deductible on my 2009 Tax Return?

I would appreciate any insight into this as I am contemplating having a Lasik Eye Surgery performed in 2009. Also, I would like to know how much of the cost is deductible for tax purposes?

Much appreciated!!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 06-17-2009, 12:27 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Is the Cost of "Lasic Eye Surgery" deductible on my 2009 Tax Return?

The Internal Revenue Service has some good news for people contemplating laser eye surgery in that they can deduct it from their 2009 Tax Return as part of Medical Expenses subject to the 7.5% adjusted gross income limitation rules.

Not only is the actual cost of the Lasik Surgery deductible but on top of that, the Internal Revenue Service will allow you to deduct travel expenses to and from the LASIK clinic. Even if you drive your own car to the LASIK surgeon's office, you are allowed to deduct your fuel expenses.

You can also deduct in-hospital food and lodging. If you have to stay in the hospital for any length of time and are charged for that superb hospital food and a night‚ you can deduct those costs.

So, in short do not limit your choice of the Lasik Surgery Center that is the nearest to you as you can choose a center that may be most the best center in the country such as the NY Lasik Center, Lasik Arlington, VA or Lasik Jan Hose.

The travel costs to these centers would be tax deductible as part of the itemized medical expenses subject to the 7.5% AGI limitation rules.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
IRS updates the new rules for "exclusion for forgiven home mortgage debt"! TaxGuru For 2008 0 10-21-2008 09:03 AM
Will Hawaii accept the Federal "Automatic Extension" of Individual Tax Return? TaxGuru Hawaii 0 10-12-2008 04:34 PM
Alabama State increases the "Standard Deduction" for 2008. TaxGuru Alabama 0 10-05-2008 10:50 AM
Do we need another "Fiscal Stimulus Package" to revive the faltering US economy? TaxGuru Democrats 1 10-02-2008 11:32 PM
IRS encourages "Reporting Promoters of Off-Shore Tax Avoidance Schemes!" TaxGuru General 0 04-27-2008 04:33 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.