Acupuncture & Herbal Prescriptions are Tax Deductible!

Some insurance companies, depending on the policy you may have, will cover or partially cover the cost of acupuncture so you can be reimbursed for your treatments. However, there are still policies that do not cover this service.

If your insurance does not cover, you can still live healthy and pain free with acupuncture.

So keep track of your treatments.  The costs of acupuncture & prescribed herbal  medicine are indeed tax deductible medical expenses.

What is a medical expense?

Acupuncture falls under the definition of a medical expense which is “the costs of diagnosis, cure, mitigation, treatment, or prevention of diseases, and the costs for treatments affecting any part or function of the body.  They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.”

What expenses can you include?

Acupuncture treatments: you can include the amount you pay for acupuncture for you, your spouse, children and dependents.

Prescribed Herbs & Supplements: Nutritional supplements, vitamins, chinese herbal supplements & other natural medicines that are recommended by a medical practitioner as treatment for a specific medical condition diagnosed by a physician are tax deductible.

Transportation to Acupuncture Appointment: The standard mileage rate allowed for out-of-pocket expenses for a car when you use it for medical reason is 14 cents a mile as of 2004.  Bus, taxi, train & plane fares primarily for & essential to medical care are also included.

How much expenses are included? You can deduct only the amount of your total medical and dental expenses for the year that is more than 7.5 % of your adjusted gross income.