Is It Possible to Deduct Medications from the Tax Return?

Medication helps in saving lives. At the same time, it can also cost significantly. Therefore, it is not a poor idea to deduct them on the respective tax returns to get some of the expenses back. Usually, medications tend to be tax-deductible. Still, there are some exceptions. The medications should be indeed prescribed by some practicing doctor or a medical practitioner. At the same time, it is recommended to keep all important receipts in case the tax officer or Finanzamt will request proof of the same. To understand everything in detail, you should look into relevant Steuerberatung Apotheken or tax advice from the experts. 

The medication fee is expected to be paid by the patient up to a specific amount as determined by the income and marital status.  

Is Deduction Possible Without a Medication Prescription? 

Prescriptions are required to deduct medications from the pharmacy taxes such that it can be effectively verified that are necessary medically. Still, when you have access to a medical note to state the prescription-free medication is important before the purchase, it also remains valid. Medical notes that are received after the purchase might not be recognized by the respective tax office.  

If a specific medication is expected to be purchased daily, it does not require verification by the doctor before every purchase. For instance, nasal sprays, headache pills, cough syrups, and so more tend to be tax-deductible.  

Medication costs are grouped together with other types of medical expenses on the respective tax return. Some of the additional costs of medication that can be effectively deducted are: 

1. Treatments 
2. Prescription medications 
3. Osteopathy 
4. Expenses out of hospital stays 
5. Therapies like physiotherapy, physical therapy, speech therapy, and so more 
6. Prosthetics 
7. Medical foot care 
8. Acupuncture 
9. Professional teeth cleaning and denture services 
10. Eye care like contact lenses, glasses, and laser eye surgery 
11. Walking aids or wheelchairs 
12. Hearing aids 

You should know that you are expected to offer proof of the items being necessary medically. Only those costs that are not reimbursed by the health insurance can be claimed on the respective pharmacy tax return. 

Medical expenses should be entered on the category of extraordinary expenses form under its 13th Line. It can be a confusing task to submit the tax return on paper. Moreover, it can turn out to be time-consuming as well. This is wherein you can hire professional services or get help from Steuerberatung Apotheken.