Friday, June 6, 2014

LASIK Eye Surgery Cost & Tax Refunds

Every year, people use their tax refunds for numerous things. Going on vacation is nice, but so is paying off your bills or student loans. However, another option that many never think about is using tax refund money to help pay for LASIK eye surgery cost. After being deemed a fitting candidate, it is important to plan how you will pay for such a rewarding procedure that offers numerous long-term benefits.

Due to the price of undergoing a quality LASIK procedure, of which there are  with a board-certified LASIK eye surgeon, tax refund dollars can pay for a large portion of your surgery, possibly all of it, depending on your refund amount. Aside from undermining “bait and switch” tactics that are likely too good to be true, LASIK eye surgery cost can average around a couple thousand dollars per eye. This may sound high, but in order to receive a quality surgery that utilizes proven technology, medical expertise and top shelf patient care, LASIK eye surgery cost is validated.

Under the right circumstances, certain individuals who meet IRS qualifications may be able to deduct LASIK eye surgery via itemizing on their 1040 forms.* As with most things involving money, there may be loopholes, exceptions and a great deal of intricate details involved. So, if you’re considering either paying for LASIK eye surgery costs with tax refund money or want to try and deduct the procedure from your filing, be sure to ask your C.P.A. or other tax professional what the best plan is for your specific situation.

To calculate your approximate refund ahead of time, consider using professional-approved calculators before talking to a tax professional about LASIK eye surgery cost. Being proactive will better prepare you for conversations with both your C.P.A. and open payment conversations with the office who will perform your LASIK eye surgery. In many cases, LASIK eye surgeons offer financing plans for patients who are unable to pay for LASIK eye surgery all at once.  

*This material is not meant to advise or counsel the public in any way, especially in relation to tax filing and deduction capabilities. This material is only meant to educate on common knowledge in relation to LASIK eye surgery. Always consult a tax professional with any questions or concerns regarding your taxes, deductions, refunds, etc.