May 11, 2020 - Douglas Myser

2019 expenses that are deductible ? The Tax Cuts and Jobs Act changed the way individuals and businesses were able to deduct certain expenses on their income tax returns. Some items are no longer deductible and some are still allowed. Here is a partial list of those expenses. 2019 expenses that are deductible ?

Medical expenses which are still deductible: Alcohol Treatment, payments for impatient treatment at a therapeutic center for alcoholic addiction, including meals and lodging provided by the center during treatment. Fertility treatment, the cost of In vitro fertilization, including the temporary storage of eggs or sperm. Surgery, including the reversal of prior surgery to prevent pregnancy. Guide dog and service animals: the cost of buying, training and maintaining a guide dog or other service animal to help a person who is visually impaired, hearing impaired, hearing disabled, or has other physical disabilities. Stop smoking programs, this does not include the cost of treatment.  Weight loss programs: only if the expense is for a specific disease diagnosed by a doctor such as obesity, hypertension, or heart disease. However, wight loss programs for appearance or general health are not deductible.

Nonprescription drugs or Medicine is not deductible. In order to be deductible, the medicine must be prescribed by a doctor. Health Club dues are also not deductible. This includes the cost to improve your general health. Cosmetic surgery: including procedures mainly to improve one's appearance such as face lift's, hair transplants, hair removal or liposuction. Some expenses may be deductible if it is necessary to improve a deformity arising from a congenital abnormality, personal injury or disfiguring disease. Gambling losses to the extent of Gambling Winnings are still deductible. They are required on IRS Schedule A, and the taxpayer must be able to itemize in order to claim the losses. Casualty and Theft Losses on Income Producing Property: Investment property includes stocks, notes, bonds, gold, silver, vacant lots and works of art.

If you have unfiled tax returns and don't have your deductible receipts to lower your income, we can help. We are a 36 year old Tax Resolution Company. We know how to file these returns in this situation to maximize your ability to reduce your taxable income. We can then determine all of your options in the IRS Code for Tax Relief, including the IRS Fresh Start Program and options not in that program. We can make Tax Resolution stress free for you. Our Tax Professionals are a cut above the average and will endeavor to find your best alternative for dealing with your IRS back taxes. We are a Nationwide tax firm. Call today for a free Tax Resolution Services consultation. 1-888-689-7861