TAX BREAK FOR GASTRIC BYPASS

Get A Tax Write For Losing Weight? The IRS is giving millions of Americans a holiday bonus. A new revised policy will allow people to enroll in weight loss programs and write it off too. It may save you money before and after. An estimated 61 percent of U.S. adults are overweight, a figure that has nearly doubled in the past two decades. And that's why the Government is offering taxpayers this extra incentive. To qualify for this itemized deduction you must have an existing health condition like heart disease or diabetes. You must be referred to a weight management program or be enrolled in a physician directed one and your medical and dental expenses must add up to more than 7.5% of your adjusted gross income. Costs like bariatric surgery can also included, but things like over the counter supplements or a health club membership will not apply. For many Americans this may be the weight loss incentive they've been waiting for. Lots of folks have medical savings account through their employers. You can use these accounts for weight loss if undertaken under a doctor's direction.

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