Day: February 20, 2025

Are GLP-1 Medications tax deductible?

GLP-1 medications are typically used to treat conditions like type-2 diabetes and obesity. According to IRS guidelines, the deductibility of these medications as medical expenses on your tax return depends on their prescribed use: It’s important to maintain thorough documentation, including the physician’s diagnosis and prescription, to support the medical necessity of the medication if […]