Guest guest Posted April 28, 2001 Report Share Posted April 28, 2001 I just received my quarterly newsletter from the American Obesity Association. On the front page is an article entitled " AOA Successful in Making Weight Loss Programs Tax Deductible " . This is fantastic news.....especially for all you self-payers! Even if you're not a self-pay, your extra out-of-pocket expenses may be tax deductible. Following is the exact article, in it's entirety: ___________________________________________________ This tax year (2000) marks the first time taxpayers can deduct the cost of weight loss programs as a medical expense. The AOA successfully lobbied the IRS to revise its policy to give tax relief to many indivicuals who pay out-of-pocket for weight loss programs. " Treatment for weight loss has been ignored for too long, " said AOA President Atkinson, M.D. The IRS states in its new policy that " you can include in medical expenses the cost of a weight-loss program undertaken at a physician's direction to treat an existing disease (such as heart disease). But you cannot include the cost of a weight-loss program if the purpose of the weight control is to maintain your general good health. " The AOA led a coalition of nine other organizations that petitioned the IRS to allow for weight loss treatment deduction. The AOA also submitted substantial evidence indicating that obesity is a disease, and that weight loss by an obese person prevents the onset of disease. " The new IRS policy will provide much needed assistance to individuals and families faced with devastating medical bills incurred from treating conditions that can be alleviated with weight loss, " said AOA Executive Director Downey. " The policy change, which appears in the IRS Publication 502, would assist taxpayers who itemize medical deductions or employees who have a medical savings account (MSA) or a flexible savings account (FSA) with their employer. " Treatment for weight loss includes behavioral counseling, nutritional counseling, pharmacology, and surgery. " Items such as health club dues, over-the-counter products, and nutritional supplements would not be included, " said Downy. " Receiving direction from a knowledgeable physician on the appropriate treatment or combination of treatments is important for comprehensive, successful treatment, " added Atkinson. Medical expenses are tax deductible if they amount to more than 7.5 percent of a taxpayer's adjusted gross income. The AOA has produced a document to help taxpayers understand the new policy, titled, " A Taxpayer's Guide on IRS Policy to Deduct Weight Control Treatment. " It is available on the AOA's web site, www.obesity.org/taxguide.htm. ___________________________________________________________ There is additional information about this article and about the AOA at the AOA's main page, which is at www.obesity.org. Connie G. in IL Revision from VBG to BPD/DS on 2/6/01 Dr. Maguire in Kettering, OH Approved through BCBS of IL Starting weight: 420 lbs. Current weight: 362 lbs.....Finally BELOW my lowest VBG weight!!!! (By one pound...I'm out of the red!!!!) Down 58 lbs. in 11 weeks Quote Link to comment Share on other sites More sharing options...
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