The tax man cometh

It’s that time of year again! Even though we get an extra three days to file this year, don’t wait until the last minute. Did you spend a lot of money on healthcare last year? You may be able to deduct some of that cost on your itemized tax return. Co-pays, deductibles, dental costs, prescriptions, contact lenses, and glasses all count. You may be able to include in medical expenses the amounts you pay for the prevention and alleviation of dental disease. Preventive treatment includes the services of a dental hygienist or dentist for such procedures as teeth cleaning, the application of sealants, and fluoride treatments to prevent tooth decay. Treatment to alleviate dental disease include services of a dentist for procedures such as X-rays, fillings, braces, extractions, dentures, and other dental ailments.

Avoid having to itemize your visits to the dentist on your taxes with regular dental appointments. Consistent dental exams help to catch problems early before they develop into involved and expensive treatment.

If you expect a tax refund, put it to good use and complete the treatment Dr. Alouf has recommended for you. A little time and money spent this year can help you avoid more expensive deductions next year.

Call us at 540.375.0095 for an appointment to get started.

For a full list of deductions read IRS publication 502 or visit: https://www.irs.gov/taxtopics/tc502.html