The question about the deductibility of discount card annuities and health plans in the IRS continues to raise doubts among taxpayers. According to Deco Proteste, these products are not always considered health expenses for tax purposes, since “because they are not health insurance, these cards are dependent on the company classification that markets them to be deducted as health expense ”.
How does this deduction work?
In the case of health insurance, the legislation allows the deduction of 15% of the amount spent on the insurance prize, and the expense arises, as a rule, automatically on the e-effectiveness platform. However, its validation may be necessary, as with other health expenses.
On the other hand, “expenses with health insurance annuities marketed in the form of a discount card can only be deducted from the IRS if the commercializing entity of this plan is officially registered with a Code of Economic Activity (CAE) in the area of health” .
How to verify the deductibility of the health plan
To confirm that a particular health insurance can be included in the IRS statement, Deco Proteste recommends consulting the page.
“Enter the company name or the identification number of a legal person. To be eligible to deduct health expenses in IRS, the company has to appear with a CAE started by 86 or with CAE 47730, 47740 or 47782, ”the organization explains.
Even in cases where the annuities of health cards are not deductible, “all medical expenses that taxpayers carry out to the regime agreed with this plan are deductible.”
What does this represent?
This means that, for example, if a healthcard provides a discount on a specialty consultation, the amount actually paid by the taxpayer can be declared as a health expense in IRS.
Inspecting these deductions requires attention to detail in the classification of expenses on the e-effectiveness platform, ensuring that spending is correctly identified as health expenses.
FINAL RECOMMENDATIONS
To avoid errors in the tax declaration, it is recommended to consult the registered expenses and the validation of proof of health service providers.
Also read:
