Can I Write Off Emergency Dental Procedures?

A pink piggy bank that stores money stands against a darker pink background

Spring is in the air and April is right around the corner! While many of us may look forward to longer days, chances are a larger majority of us are dreading April’s arrival because of Tax Day. The taxman cometh every year, but there’s some extra anxiety about it this year in the wake of tax reform.

Can I Write Off Emergency Dental Procedures?

Before we dive into this question, please bear in mind that you want to check with your accountant or tax advisor to make sure that you are eligible to make these deductions.

The short answer is yes! But there are several qualifiers:

  • To write off dental work, you must itemize your deductions.
  • At least for 2017 and 2018 tax returns, the deduction for medical expenses must meet a threshold of 7.5% of your adjusted gross income (AGI). You may only deduct the amount of your total medical expense that exceeds 7.5% of your AGI.
  • Dental expenses that qualify for a tax write off must be medically necessary and preventive, while purely cosmetic procedures, like teeth whitening are not eligible.

Affordable Dental Care

Dr. Henson and our team at Henson Family Dental pride ourselves on making the financial burden of dental care as manageable as possible for our patients. We accept a variety of different dental insurance plans and third party financing to help you get the dental care you need when you need it. We accept and file most insurance claims and help you maximize your dental insurance benefits.

At Henson Family Dental, we also accept CareCredit® patient financing. This option allows our patients to split up the cost of their treatments into manageable monthly payments. Visit the CareCredit website for more information about this payment option.

Contact Our Office

Your smile is priceless and all of us at Henson Family Dental want to be sure that you can keep up with regular cleaning and preventive work. If you have any questions regarding your taxes, dental insurance, or other payment options, please don’t hesitate to contact us today!

Using Your End-of-Year Dental Benefits

money in piggy bank

With 2016 quickly coming to a close, now is a good time to use your year-end dental benefits before you lose them. Whether you have a traditional health plan, a Flexible Spending Account (FSA), or any coverage type in between, using your dental benefits before January 1st is a wise decision from both a financial and health-related standpoint.

Yearly Maximums and Deductibles

Remember that your annual maximums and deductibles will reset on the 1st of the year, so if you’ve already hit your dental deductible or are close to doing so, it’s in your best financial interest to have any dental work done before those figures reset. And if you haven’t used your yearly maximum dental payouts, remember that these unused benefits won’t roll over to 2017. Why let them go to waste?

The same concept applies if you have an FSA; your dental benefits for this year do not roll over into 2017. If you don’t use them, you’ll lose them!

Protect Your Oral Health

Most dental insurance plans also cover basic preventive services each calendar year, including:

  • Routine exams and cleanings
  • Dental X-rays
  • Fluoride treatments

If you don’t utilize these covered preventive services in 2016, you could be putting your oral health at risk. Missing your regular exams and cleanings could lead to cavities, plaque and tartar build-up, gum disease, and other issues that can cost you more in out-of-pocket expenses down the road. These dental benefits exist for a reason, so why not utilize them and protect your oral health?

Appointment slots for 2016 are filling up fast, so if you have any unused dental benefits, we encourage you to contact our team at Henson Family Dental so we can get you scheduled. Call us at (813) 988-9800 today to book your appointment or find out more about our practice!