Saturday, May 15, 2010

Do dental implants qualify for tax deduction? Although they are cosmetic, they're also part of dental health.

The floor for deductibility is 7.5% of AGI for anyone, married or single. Also, if you don't itemize, you won't get any tax deduction from the implants. Also, you need to deduct any amount insurance may have paid for the expense.





I have no idea where the 3% figure came from. If you look at IRS regulations, the only other figure mentioned is that if you are subject to AMT (Alternative Minimum Tax) the floor for deducting is 10%.





If the IRS questions the deduction, I belive that if you resorted to implants because the teeth adjoining the area are compromised by root canals or crowns and wouldn't make good anchorage for a bridge, they would allow it readily.

Do dental implants qualify for tax deduction? Although they are cosmetic, they're also part of dental health.
Yes I do believe you can use dental implants as a tax deductions





http://www.irs.gov/taxtopics/tc502.html
Reply:If you are in the USA: medical tax deductions must be (on average) in excess of 3% of your Adjusted Gross Income (AGI). These are expenses you incur over and above any insurance you may have. Prescription drugs, lenses, medical, dental, and chiropractic care all may qualify. You may consult a tax professional or call the IRS. (The IRS actually gives you good information, although be prepared to wait on the phone for a long while. This is a good time of year, however.)





Dental implants are not considered a cosmetic procedure. Your mouth functions much better with all teeth present and missing teeth can cause many complications to your overall health.
Reply:Yes, they qualify after you've reached the 3% of your gross income. Remeber to keep track of your medical mileage too as that can be deducted
Reply:HELLO,


YES, BUT THE COST MUST EXCEED 3% OF A.G.I.


ASK YOUR ACCOUNTANT.

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