are drug rehab expenses tax deductible

Drug rehab expenses may be tax deductible under certain circumstances. According to the Internal Revenue Service (IRS), medical expenses that are not covered by insurance may be deducted from your taxable income if they meet certain criteria.

To be eligible for a tax deduction, drug rehab expenses must be considered “medically necessary” and must exceed a certain percentage of your adjusted gross income (AGI). For tax year 2022, the threshold is 7.5% of your AGI. This means that you can only deduct drug rehab expenses that exceed 7.5% of your AGI.

Eligible drug rehab expenses may include the cost of inpatient or outpatient treatment, therapy sessions, medication, and other related expenses. However, expenses such as travel and meals may not be eligible for a tax deduction.

It is important to keep detailed records of all drug rehab expenses and to consult with a tax professional or accountant to determine if you are eligible for a tax deduction.

Additionally, tax laws and regulations can change frequently, so it is important to stay up-to-date on the latest IRS guidelines regarding tax deductions for drug rehab expenses.