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Diabetes and Weight Loss
Did you know that you can be 'just a little bit diabetic'? The
condition is technically called 'pre-diabetes', and it is characterized by persistent high blood sugar levels. Pre-diabetes is a serious condition, though its symptoms may...
What Is The Atkins Diet?
The Atkins weight loss diet is based on one simple principle: Your body burns both carbohydrates and fat for calories. If you reduce the amounts of carbohydrates available, it will burn more fat and you will lose weight.
According to...
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Is My Diet Deductible? |
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Dieting can be expensive, especially if you join a weight loss program or purchase special foods. As of April 2002, the Internal Revenue
Service recognized some weight loss expenses as tax deductible under medical expenses. According to that ruling,
"...Uncompensated amounts paid by individuals for participation in a weight-loss program as treatment for a specific disease or diseases (including obesity) diagnosed by a physician are expenses for medical care that are deductible under § 213, subject to the limitations of that section." (IRS Ruling, April 2, 2002)
What does this mean to the average taxpayer? It means that the cost of weight loss programs recommended by your physician for the treatment of obesity, or conditions related to obesity MAY be deductible on your taxes!
Who can deduct weight loss programs on their taxes?
In order to deduct the cost of your weight loss program under the 2002 ruling, you must itemize deductions on your taxes. You can deduct the costs of weight loss treatment IF they are not reimbursed. In addition, you can only deduct expenses that exceed 7.5% of your adjusted gross annual income.
Can I deduct my weight loss program if I'm not medically obese?
You may be able to deduct expenses even if you're not diagnosed as medically obese. If your doctor has recommended weight loss as a treatment for weight-related diseases such as hypertension, type 2 diabetes, high cholesterol or heart disease, you might be eligible.
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