Hims and Hers prescriptions
$20-$300/mo
Is Hims and Hers Prescriptions Tax Deductible?
Short answer: Yes when prescribed: Hims and Hers prescriptions is a deductible medical expense (and HSA/FSA eligible) if prescribed to treat a diagnosed condition like obesity or diabetes.
It counts toward the medical deduction only above 7.5% of AGI and only if you itemize. Purely cosmetic use doesn't qualify.
Records to keep: Keep the receipt or invoice and an estimate of business-use percentage.
Hims and Hers prescriptions
Typical range: $20-$300/mo
Individuals / Personal Taxes
Yes when prescribed: Hims and Hers prescriptions is a deductible medical expense (and HSA/FSA eligible) if prescribed to treat a diagnosed condition like obesity or diabetes.
Business justification
Yes when prescribed: Hims and Hers prescriptions is a deductible medical expense (and HSA/FSA eligible) if prescribed to treat a diagnosed condition like obesity or diabetes. It counts toward the medical deduction only above 7.5% of AGI and only if you itemize. Purely cosmetic use doesn't qualify.
Category
- Products & Brands