Lost Weight? You Might Have Gained a Tax Write-Off

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Madelyn Fernstrom PhD CNS on Mar 16, 2010 at 6:51PM

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Lost Weight? You Might Have Gained a Tax Write-Off

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Saving Money from Losing Weight



Losing weight often has a lot of “out of pocket” costs not covered by insurance. The good news is that some expenses for dropping the pounds have been approved by Uncle Sam as tax deductions. If you took steps to lose weight last year, you may be eligible for a break in your tax bill. And if you're planning to lose weight in 2010, you can start tracking expenses now to deduct from next year’s taxes. Read on to see what you can—and can’t—deduct.

 

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