Dental Implants: A Tax Deductible Option

Are Dental Implants Tax Deductible in Montville, NJ | Mini Implants

April 15th is a date that most Americans have circled on their calendars. Filing your taxes can feel anywhere from a mild annoyance to a scary proposition. But what if we told you there was a way to claim a deduction on your taxes while improving your oral health and quality of life in the process? There is, and it’s because dental implants can be tax deductible. If you meet certain thresholds, this can be a savvy way to get money back for undergoing a transformative dental procedure.

Dental Implants: The Basics

Are Dental Implants Tax Deductible in Montville, NJ | Mini ImplantsDental implants are one of the most versatile, effective ways to replace missing teeth. Dr. Ferrari carefully places these titanium posts in your jawbone, which anchor and support various tooth restorations. We can use implants to support every type of restoration, from a dental crown or bridge to a complete set of implant dentures. So why is that better than, say, a set of traditional dentures? For starters, dental implants give artificial teeth unmatched stability and functionality when compared to traditional options. Your teeth are never in danger of slipping or falling out, and you won’t have to adjust your diet because of hard-to-eat foods. Second, implant dentures require far less material, eliminating the bulky acrylic frame. This helps them look and feel much more like natural teeth.

Perhaps the best benefit of dental implants is their ability to halt the deterioration of bone and tissue that begins almost immediately after losing teeth. If those missing tooth roots are not replaced by an artificial root like an implant, your jawbone will begin to degenerate, and your face will sag, causing you to look much older than your true age. Dental implants keep your jawbone healthy and your facial structure intact, allowing you to continue to live life to the fullest.

The Mini Implant Advantages

There’s one more “little” object we need to talk about, and that’s mini dental implants. This modern innovation shrinks the size of the implant without sacrificing its effectiveness or durability. Reducing the diameter of the implant by half allows implant specialists like Dr. Ferrari to place them without surgical incisions or stitches. What this does is make the placement much more streamlined, which in turn hastens the healing process. It even allows us to load your implants with their final restorations immediately. That’s right—you can walk out of our office with a brand-new smile in just one appointment! This saves time and, more importantly, money. Mini implants cost about half as much as traditional implants, making them the preferred option for most patients.

Making Your Dental Implants Tax Deductible

While it’s true that dental implants can be tax deductible, there are certain conditions you have to meet. First, you need to itemize your deductions on your tax return. If you traditionally file the Standard Deduction and aren’t confident with itemization, we highly recommend the services of a tax professional. Next, you need to figure out your Adjusted Gross Income, or AGI. To calculate this figure, take your total gross income, including wages, dividends, capital gains, and more, and subtract certain “adjustments”, many of which are listed here. This formula is Gross income – Adjustments = AGI.

Once you’ve done those calculations, you’ll need to calculate 7.5% of your AGI, which is the Minimum Threshold for deduction. As an example, let’s say our patient, Bob, has an AGI of $50,000. When you take 7.5% of his AGI, you get $3,750, which equals Bob’s Minimum Threshold for deduction. Next, you’ll need to take your total dental implant expenses and subtract any payments by insurance or a Health Savings Account, which are not eligible to be part of the deduction. This number is your Adjusted Implant Expense. All of your Adjusted Implant Expenses that exceed $3,750 qualify to be part of your deduction. So, the final formula ends up being Adjusted Implant Expense – Minimum Threshold = Your Eligible Deduction. If Bob’s adjusted implant expenses were $15,000, then he would be eligible to deduct $15,000 – $3,750 = $11,250 on his itemized return.

Of course, these numbers will vary from patient to patient based on their adjusted expenses and AGI. If you’re unsure of whether this potential tax break is the right decision for you, it would be a prudent idea to consult with a tax expert for more information.

Learn More About Tax Deductible Dental Implants Today

Dental implants are potentially tax deductible, providing an incredible opportunity to be partially reimbursed for a truly life-altering procedure. At Ferrari Dental, our experienced staff is here to answer any questions you may have and to help you begin your journey toward a revitalized smile. Contact us today to schedule a free consultation and experience the potential of what mini dental implants can offer.

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