Maximizing Your LASIK Savings: Using Your Refund and Tax Deductions

Tax season is here, and for many, that means a well-earned refund is on the way. Instead of letting it disappear into everyday expenses, why not invest in something truly life-changing—clear vision?

Is LASIK Tax-Deductible?

Yes! LASIK eye surgery is considered a qualified medical expense and is tax-deductible according to IRS Publication 502. The IRS defines qualified medical expenses as costs related to the diagnosis, treatment, prevention, or cure of a health condition. Since LASIK is performed to correct vision rather than for cosmetic reasons, it qualifies under this definition.

How to Claim a LASIK Tax Deduction:

• Itemize deductions on your tax return instead of taking the standard deduction.
• Ensure that your total medical expenses (including LASIK) exceed 7.5% of your adjusted gross income (AGI) to be eligible for a deduction.

Maximize Savings: Use Your Tax Refund for LASIK!

Utilize an HSA or FSA for Additional Savings:

• If you have a Health Savings Account (HSA) or Flexible Spending Account (FSA), you can use those funds tax-free toward LASIK.
• Some employers allow you to adjust your FSA contributions if you plan on getting LASIK—check with your benefits provider!