Friday, May 10, 2013

Can a beautician deduct the cost of Lasik eye surgery as business expense if it is business related?

Q. If a beautician wants to have the Lasik eye surgery done because the steamer always blurs her glass. Can she deduct the cost as business expense instead of medical expense since it is work related? Thanks.

A. Does not sound like the Lasik eye surgery would be a ordinary and necessary expense of the business operation.
A deduction is allowed only for expenses primarily paid for the prevention or alleviation of a physical or mental defect or illness. Medical care expenses include payments for the diagnosis, cure, mitigation, treatment, or prevention of disease, or treatment affecting any structure or function of the body. The cost of drugs is deductible only for drugs that require a prescription, except for insulin.
You may deduct only the amount by which your total medical care expenses for the year exceed 7.5% of your adjusted gross income. You do this calculation on Form 1040 Schedule A in computing the amount deductible.
Hope that you find the above enclosed information useful and good luck





Powered by Yahoo! Answers

Title Post: Can a beautician deduct the cost of Lasik eye surgery as business expense if it is business related?
Rating: 98% based on 3217 ratings. 4,8 user reviews.
Author: Unknown

Thanks For Coming To My Blog

0 comments:

  © Blogger template Camera Info by Ourblogtemplates.com 2008

Back to TOP