Is a lens implant tax deductible?
Yes, a lens implant may be tax deductible as a medical expense in some cases. This is especially true if the treatment is necessary and not performed purely for aesthetic reasons.
? Conditions for tax deductibility:
✔️ The expense must be medically justified.
✔️ The expense may not be fully reimbursed by mutual insurance or insurance.
✔️ You must have valid proof (invoice, eye doctor's prescription).
✔️ The expense must be reported in the "extraordinary medical expenses" section of your tax return.
? What about refunds?
? If you receive an NIHDI refund or insurance reimbursement, only the non-refunded portion may be eligible for deduction.
Want to know if your lens implantation qualifies? Consult your accountant or the IRS for a correct calculation.