Can you claim orthodontist bills on your taxes?

In general, you can claim orthodontist bills as medical expenses on your federal income taxes. However, there are specific rules and limitations that you need to be aware of.

Here are the key things to know:

1. Qualifying Expenses: Orthodontic expenses that qualify as medical expenses include the cost of braces, retainers, and other orthodontic treatments prescribed by a qualified orthodontist or dentist.

2. Medical Expense Deduction: Orthodontic expenses can be claimed as an itemized deduction on Schedule A of your federal income tax return. To qualify for the deduction, your total medical expenses, including orthodontist bills, must exceed 7.5% of your adjusted gross income (AGI).

3. Documentation: You must keep receipts and other documentation to support your orthodontic expenses. This includes invoices, statements, and receipts from your orthodontist or dentist.

4. Insurance Reimbursements: If you receive reimbursements from your dental or health insurance for orthodontic expenses, you must reduce the amount you can deduct by the amount of the reimbursement.

5. Dependent Children: You can claim orthodontic expenses for your dependent children if you are the parent who pays for the expenses.

6. Flexible Spending Accounts (FSAs): If you have an FSA through your employer, you may be able to use pre-tax dollars to pay for orthodontic expenses. Check with your employer's plan administrator for more information.

7. Publication 502: The IRS provides more detailed information about medical expenses in Publication 502. This publication can be found on the IRS website.

8. Consult a Tax Professional: If you have any questions or uncertainties regarding claiming orthodontist bills on your taxes, it's advisable to consult with a qualified tax professional or accountant. They can review your specific situation and provide personalized guidance.