IRS Associate Chief Counsel George Blaine sent a letter to Senator Chuck Schumer the other day suggesting that taxpayers may be able to deduct the cost of marijuana they use for medical purposes.
Here’s Blaine’s conclusion:
The cost of an herb may be an expense for medical care if the taxpayer can substantiate that he or she:
- Has a medical condition (disease, illness or injury);
- Is purchasing the herb to treat or alleviate the medical condition;
- And would not have purchased the herb “but for” the medical condition
The third requirement means that comedian and admitted pothead Bill Maher will not be able to claim a deduction for his stash regardless of how many headaches it cures.
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3 responses so far ↓
1 Robert A Green // Aug 5, 2010 at 9:42 pm
Bill Maher is a “pot bagger” who keeps disparaging tea party people by calling them tea baggers.
2 cbob // Aug 6, 2010 at 9:44 am
Too bad Maher can’t deduct his delusional disorder.
3 cbob // Aug 6, 2010 at 9:45 am
Also too bad Maher can’t deduct his “pot”ty mouth.
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