Wigs, taxes and insurance

Wigs-anyone written off on taxes or got insurance company to pay for a wig or prosethesis?

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Permalink Reply by BaldGirlsDoLunch.org on September 18, 2009 at 8:15am
The IRS is specific about defining the limits of deductibles. You can deduct the cost of medical expenses if your medical bills are greater than 7.5% of your adjusted gross income. See IRS publication # 502 at irs.gov titled Medical and Dental Expenses.

This is from Pub 502 revised for 2008:

How Much of the Expenses Can You Deduct?

You can deduct only the amount of your medical and dental expenses that is more than 7.5% of your adjusted gross income (Form 1040, line 38).

In this publication, the term “7.5% limit” is used to refer to 7.5% of your adjusted gross income. The phrase “subject to the 7.5% limit” is also used. This phrase means that you must subtract 7.5% (.075) of your adjusted gross income from your medical expenses to figure your medical expense deduction.

Example.

Your adjusted gross income is $40,000, 7.5% of which is $3,000. You paid medical expenses of $2,500. You cannot deduct any of your medical expenses because they are not more than 7.5% of your adjusted gross income.

Thea
baldgirlsdolunch.org
Permalink Reply by Ali Hill on September 18, 2009 at 3:30am
I got 200.00...once in a lifetimething. did not matter if it was alopeca or cancer...and i work for the govn
Permalink Reply by Ali Hill on September 18, 2009 at 3:34am
Actually when you think about it, it is kinda HILARIOUS,,,,who in their right mind would want to purchase a wig..for shits and giggles..with an AA AU or whatever aloepcia diagnosis.notwithstanding what other illness may be present..this is why we need to be pro active on the polictics of it all...is here are any..however there are
Permalink Reply by Lee on September 21, 2009 at 4:52pm
yeah really.....like I would make up having alopecia just to get a wig? I live right outside DC now...maybe I will sit on the white house lawn, bald, with a picket sign? hehe hey thats an idea actually!
Permalink Reply by BlenderLover on March 26, 2019 at 9:49am

I know that when any health problems arise, insurance companies can help very well with money. But there are always certain conditions. I get free insurance quotes on site Generalinsurance.com last year and I know that now, if something happens, I can count on it.

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