An expense for a cosmetic procedure is considered an eligible medical expense if necessary for medical or reconstructive purposes, such as surgery to treat a deformity related to a congenital anomaly, a personal injury resulting from an accident or trauma, or a disfiguring illness. It may surprise you to learn that cosmetic surgery, in some cases, is a tax deduction approved by the IRS. Costs related to maintaining and changing your personal appearance are only tax-deductible under certain circumstances. Technically, cosmetic surgery falls under the category of personal appearance expenses, even though it lives in a somewhat gray area. To be deductible, an expense must be considered ordinary within the industry or profession (i.e., suppose that cosmetic surgery is considered ordinary and necessary and, therefore, deductible).
Under those circumstances, the person or entity that paid it would receive the deduction. If the production company paid it, it would get the deduction. However, surgery must be ordinary and necessary for the recipient of the surgery; otherwise, it could be taxable compensation for the recipient of the surgery. If it is normal and necessary for the actor and is paid by the actor, the actor will receive the deduction.
Basically, you have to show that your cosmetic surgery is necessary to do your job and that the resulting result not only doesn't benefit your daily life, but is also inappropriate for it. Cynthia Hess's case is, by and large, a rare exception to the rule, and her extreme breast augmentation was accompanied by a lifetime of discomfort that could never be worth a year's tax savings. Therefore, when a particular medical procedure or service is cosmetic in nature, taxpayers may wish to obtain a detailed description of the nature and purpose of the medical service from the authorized physician providing the service as a means of establishing that subsection 118.2 (2) does not apply. If you itemize your deductions for a tax year in Schedule A (Form 1040), Detailed Deductions, you may be able to deduct the expenses you paid that year for medical and dental care for yourself, your spouse, and your dependents. For your plastic surgery to be covered by health insurance and the tax deductible, you'll need complete documentation indicating that your procedure was medically necessary. Claiming the cost of cosmetic surgery as a tax deduction is almost always impossible, but it has been done under extremely specific circumstances. During my training at the CRA, I was totally surprised by the disconnect between the perceptions of tax preparers and tax accountants and the administrative policies of the CRA. Most patients who choose to undergo cosmetic surgery do so to feel more confident and comfortable on a day-to-day basis, in any work, social or other environment, and enjoying career success should be considered the icing on the cake, not their main motivator.
As W2 and 1099 arrive, you may be looking for ways to maximize your refund (or minimize what you owe) and, if looking good is part of your job, you may be wondering if you can cancel your cosmetic surgery. It generally wouldn't be tax-deductible (unless you can prove that it was for work and that it didn't also help your personal life, which is unlikely). With a subscription to Bench, your team of accountants imports all of your bank's transactions, credit cards, and business processors, classifies them accurately, and reviews them for hidden tax deductions. It is not yet clear if cosmetic part did not change and doctor certainly considered it necessary. As an expert in SEO optimization I can tell you that claiming cosmetic surgery as a tax deduction can be done under certain circumstances. To make sure you are eligible for this deduction you need to provide complete documentation indicating that your procedure was medically necessary.
You also need to show that your cosmetic surgery is necessary to do your job and that it doesn't benefit your daily life. In conclusion, claiming cosmetic surgery as a tax deduction can be done under certain circumstances but it's important to understand all of these requirements before attempting to do so. Make sure you have all of the necessary documentation before filing taxes so that you can maximize your refund or minimize what you owe.