Your Dental Implants May Be a Tax Deductible Expense

Are Dental Implants Tax Deductible in Austin, TX | Aspire Dental

Dental implants are a remarkable advancement in dentistry, offering significant benefits for replacing missing teeth. These advanced treatments restore oral function, enhance smile aesthetics, and improve our patients’ quality of life. However, embarking on this pathway to dental improvement may involve a mix of excitement and apprehension. Some patients, while looking forward to the restoration of their smiles, find themselves pausing at the perceived expense. Cost is a common concern that casts a shadow over the decision-making process. Fortunately, various avenues for financial assistance make implant solutions more accessible. One of these is the potential for dental implants to be tax deductible.

What Can Dental Implants Do for Me?

Are Dental Implants Tax Deductible in Austin, TX | Aspire DentalDental implants are a versatile, reliable, and durable way to restore your smile and keep your jawbone healthy after severe tooth loss. Traditional implants consist of a titanium screw, which is inserted directly into your jawbone, and a separate abutment piece that connects the artificial tooth to the implant. Implants can firmly support dental crowns, bridges, or implant dentures. The stability they provide for artificial teeth makes eating and speaking more comfortable and natural than other options.

Implants also provide long-term oral health benefits. For instance, they stimulate your jawbone like the natural roots of your teeth, halting the bone and tissue deterioration that begins after tooth loss. This essential stimulation keeps your jawbone healthy and your facial structure intact.

However, a more modern evolution of the dental implant offers all this in a smaller package. Mini dental implants are less than half the width of traditional implants. This means we can place them without invasive techniques like incisions or stitches. This small size also speeds up the placement procedure, reduces patient discomfort, and accelerates healing time. It also makes implant solutions possible for those with smaller jawbones who might have needed a bone graft procedure to support a larger implant.

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Does being smaller mean mini implants are any less effective? No! Mini implants are just as reliable as larger implants. And they offer another significant benefit—they’re more affordable than traditional implants. If you’re worried about the cost of dental implants, using mini implants lowers treatment expenses since you’re not paying for extra appointments, healing, or materials.

How Are Dental Implants Tax Deductible?

According to Topic No. 502, the IRS states that any medical or dental procedure for “treatments affecting any structure or function of the body” can be claimed as a deduction if the expense exceeds 7.5% of your Adjusted Gross Income (AGI). Let’s break that down. To see if you qualify for a deduction, you must:

  1. Subtract any part of your dental implant expense covered by insurance or paid for by a Health Savings Account. This portion is NOT eligible for a deduction. Include all qualifying medical and dental expenses paid throughout the year.
  2. Calculate your minimum threshold, which is 7.5% of your Adjusted Gross Income. If you’re unsure how to calculate your AGI, follow the instructions from the IRS. Alternatively, you can find it on Line 11 on Form 1040 of your taxes. For example, let’s say your AGI is $50,000. When you take 7.5% of that $50,000, you have $3,750. This is your minimum threshold.
  3. Subtract your minimum threshold from your total medical and dental implant expenses to determine your final eligible deduction. In the example above, the minimum threshold number was $3,750. If your total medical and dental expenses were $18,000, then your final deductible would be $18,000 – $3,750 = $14,250.

It’s important to note that you can only claim this deduction if you itemize your deductions on your tax return. If you’re unfamiliar with this process, we recommend seeking the help of a tax professional.

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Additional Financial Avenues

Opting for cost-effective mini dental implants and potentially getting a tax break on your procedure can make dental implants more affordable. However, at Aspire Dental, we offer additional financial pathways to make superior dental treatments available to our patients. Our experienced staff will assist you in any way possible from the moment you come in for your free implant consultation. Whether you need help determining if your dental insurance will cover implants or assistance financing your procedure, we’ll help you find a plan that works for your budget.

Maximize Your Savings With Tax Deductible Dental Implants

Anything you can do to lower the cost of a medical or dental procedure is a welcome relief. The potential to deduct your dental implant expenses can help you restore your smile with peace of mind. Contact Aspire Dental to schedule your free consultation and experience the life-changing benefits of mini dental implants.

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