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is a loan for dental implants deductible

 
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is a loan for dental implants deductible

A loan?    Did you put the payment for the dental work on a credit card of some kind?   Provide some details.   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

is a loan for dental implants deductible

If you put it on a credit card or took out a loan you can deduct the full amount even though you pay it over time. If you are on a payment plan with the hospital or doctor, etc. then it's only the amount you pay. Either way you only can deduct the principal amount, not any interest.

is a loan for dental implants deductible

The loan amount for the implants is a valid medical expense for the tax year when the loan was used for the implants.

Any loan payments in future years will not be deductible as a medical expense since the loan was used initially for payment.

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