Is Medical Expenses Tax Deductible for Your Business?

No, medical expenses is generally not tax deductible as a business expense. The IRS considers this a personal expense, even if it has some connection to your work activities. However, there may be limited exceptions in specific circumstances.

Key Rules for Deducting Medical Expenses

Medical expenses are NOT business deductions. They may be deductible on Schedule A (Itemized Deductions) if they exceed 7.5% of your AGI.

How to Document Medical Expenses for Tax Purposes

Proper documentation is critical for any business deduction. For medical expenses, you should:

• Keep all receipts and invoices showing the amount paid
• Record the date of the expense and the business purpose
• If mixed-use, maintain a log showing business vs. personal usage
• Store records for at least 3 years (7 years for major purchases)

Source: IRS Publication 502. This information is for educational purposes only. Consult a qualified tax professional for advice specific to your situation.