Is Cataract Surgery Tax Deductible?

Is Cataract Surgery Tax Deductible?

 

Cataract surgery is tax-deductible as a medical expense. According to the IRS, the amount paid for eye surgery to treat defective vision, such as cataract surgery, is considered a medical expense and can be included in the list of deductible medical expenses

This also applies to the cost of the lens for cataract surgery, including elective lenses, as long as they are for the treatment of defective vision.

The IRS publication 502 provides detailed information on what medical and dental expenses are tax-deductible
When filing taxes, these expenses can be included in Schedule A – Itemized Deductions, and they are subject to the 7.5% rule, meaning that only the amount that exceeds 7.5% of the taxpayer’s adjusted gross income can be claimed as a deduction
Therefore, if you have paid for cataract surgery and related expenses, it is important to keep track of these costs as they may be eligible for a tax deduction.  It’s worth noting that medical expenses, including those for cataract surgery, can only be claimed as itemized deductions if they exceed the standard deduction. Taxpayers should compare their total itemized deductions to the standard deduction and choose the option that provides the greatest tax benefit. In the case of cataract surgery followed by corrective lens implants, the cost of the implants can also be deducted as a medical expense if the taxpayer itemizes their deductions

In summary, cataract surgery and related expenses, including the cost of the lens and corrective implants, are generally tax-deductible as medical expenses. Taxpayers should retain accurate records of these expenses and consult the IRS guidelines or a tax professional when filing their taxes to ensure they receive the maximum allowable deduction.  For more detailed information and specific guidance on tax deductions for medical expenses, individuals are encouraged to refer to the official IRS publications and consult with qualified tax professionals.

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