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Level 2
March 5, 2021
Question

psychotherapy fee write off.

  • March 5, 2021
  • 1 reply
  • 3 views

I am a psychotherapist.  I charge 130.00 dollars an hour.  the Insurance company only pays me 80.00 dollars an hour.  Can I write off the other 50.00 dollars of my fee as a loss of income. 

1 reply

Level 15
March 5, 2021

No you can’t. On the bright side you don’t have to pay tax on the amount that you didn’t receive. 

Level 2
March 5, 2021

Thank you! 🙂