Alcohol and drug addiction are ruthless and powerful demons that have the potential to destroy the lives of afflicted individuals and the people who love them. Hope exists for those whose dreams and goals have been darkened by the shadow of addiction, but it is only through proper treatment that these hopes can be realized.
Unfortunately, treatment can be expensive. However, certain costs associated with drug and alcohol rehabilitation are tax deductible. Those brave people who have chosen to take on their demons may be able to claim these costs as medical expenses. Some costs that may be covered include those associated with:
- Inpatient treatment
- Medical needs administered in treatment
- Transportation costs to attend local Alcoholics Anonymous meetings
Tax benefits also exist for individuals who are seeking to quit smoking—a dangerous habit that has detrimental effects on one’s quality of life and lifespan. The cost of smoking cessation programs and certain drugs designed to wean patients from nicotine dependency may be tax deductible.
The team at Taxation Solutions, Inc., is available to advise individuals on their substance abuse recovery situation as it applies to taxes. It is our goal to help taxpayers achieve the best financial outcome possible so they are able to fully dedicate their efforts and resources toward recovery. We want to make it as simple as possible for individuals to become healthy and live their very best lives.
Contact Taxation Solutions, Inc. today for more information on deductible expenses pertaining to drug, alcohol, and tobacco addiction recovery.