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12-23-2012, 03:20 AM #1OPMember
Tax deduction
Is my medicine deductabile --can I claim it?--Has anyone tried??
pinkcar Reviewed by pinkcar on . Tax deduction Is my medicine deductabile --can I claim it?--Has anyone tried?? Rating: 5
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12-23-2012, 04:00 AM #2Senior Member
Tax deduction
Your medicine is considered an over-the-counter medicine and is subject to NM sales tax. As such, it is NOT deductible on your Schedule A - Itemized deductions. If you prepare your own return, you can try and include the amount spent on your Scheedule A and hope you don't get audited.
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12-23-2012, 07:23 PM #3Member
Tax deduction
I had the same Q last year, from what I found, you should be able to, but on the federal side, you might as well be sending them a letter saying come get me. IN MY OPINION, NOT WORTH THE RISK UNTIL OBAMA TAKES A FAVORABLE SIDE ON MMJ