Yes.
Stem cell treatment may be deductible as medical expenses.
Please read this IRS document for more information.
Also, In general, taxpayers who seek medical services abroad are subject to the same rules and regulations as taxpayers who seek medical treatment within the United States. Th treatment has to be prescribed by a medical doctor.
Please read this CPA journal document for more information.
For tax year 2022, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only benefit your taxes when they exceed your standard deduction.
For 2022, standard deductions are:
For a taxpayer under 65, not claimed as a dependent
- $12,950 for Single
- $25.900 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
- $19,400 for Head of Ho0sehold
- $12,950 for Married Filing Separately
- If you are over 65 or blind, add $1,400 for each instance if married or add $1,750 each instance if single or head of household
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