When most people think of cosmetic surgery, they envision procedures that have been sought out in the name of physical vanity. However, cosmetic surgery means more than just helping people fit into societal molds with breast lifts, tummy tucks, and nose jobs. Cosmetic surgery can also mean helping an infant who was born with a cleft palate, reversing damage done to a person’s body as a result of a disease, or helping someone who has suffered a disfiguring injury.
While cosmetic surgery is defined as a procedure aimed at improving physical appearance in a way that does not meaningfully promote proper body function, oftentimes, these types of procedures hold a very important meaning to the long-term happiness and comfort of the patient. As such, some of these procedures may be tax deductible.
Tax Deductions for Cosmetic Surgery
Many types of cosmetic surgery are not tax deductible, but a procedure may qualify for certain tax deductions if it is being performed to address a deformity that is related to or caused by a:
- Disease that caused bodily disfigurement
- Congenital abnormality
- Injury caused by an accident or another type of trauma
The team at Taxation Solutions, Inc. can help you determine whether or not a cosmetic surgery sought by yourself, your spouse, or a dependent is tax deductible. We can also aid you as you move to apply for your deduction. With more than 40 years of experience working with customers to help them decipher the tax code to their advantage, we have the knowledge necessary to ensure you get the tax breaks you deserve when you elect to have qualifying cosmetic surgeries. Give us a call to learn more.