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Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.
We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.every year, many of us seek out ways to reduce our taxable income. One popular way to do so is by setting up a flexible spending account or health savings account , which can help you pay for a variety of medical expenses.
According to the IRS, some companies are telling taxpayers a doctor's note will suffice as documentation for expenses like gym memberships, fitness trackers, and dietary supplements. However, the IRS says that even if a doctor writes a note based on a patient's self-reported health information, that doesn't automatically legitimize the purchase as a medical expense, which must be a"diagnosis-specific activity or treatment.
"Let's call this what it is: an attempt by regulators to confuse and freeze the trend of Americans learning that they can work with their doctors to reverse disease with food, not drugs," Means toldBest Life offers the most up-to-date financial information from top experts and the latest news and research, but our content is not meant to be a substitute for professional guidance.
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