According to the IRS, weight loss programs just for the sake of losing weight are not deductible unless the program treats a specific disease diagnosed by a physician like obesity, diabetes, hypertension, or heart disease. If your doctor prescribed Ozempic to help you lose weight to treat a specific disease, then you may be able to deduct your cost.
If your doctor prescribes Wegovy to treat a specific disease like obesity, diabetes, hypertension, or heart disease, then you can deduct the cost on your taxes as long as you itemize your deductions and the costs are more than 7.5% of your adjusted gross income. However, if you purchase Wegovy because you want to start dropping some pounds, then you will not be able to deduct it.
Click here for Exploring the Tax Implications of Ozempic and Wegovy: What You Should Consider
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