Total Drag: Medical Pot Isn't Tax Deductible

By Caleb Newquist

Posted Aug 5, 2010 4:49 PM CDT Posted Aug 5, 2010 4:49 PM CDT
Promoted on Newser Aug 5, 2010 5:01 PM CDT

Copied

Total Drag: Medical Pot Not Deductible for Taxes — If you've got this at home, don't even think about deducting it. (AP)

After a little bit of confusion—thanks to a vaguely worded letter from the IRS on the use of an "herb"—it was re-confirmed marijuana is not eligible for deduction on citizens' personal tax returns. Even in states where it can be legally prescribed by a doctor. Read the full article at Going Concern.

Read These Next

The leader with the highest approval rating may be a surprise.
Email sent to Ghislaine Maxwell seeks 'inappropriate friends.'
New Epstein files document Trump flights.
Kansas City Chiefs moving across state line.

Report an error