トップへ » Considering Dentures? » Concerning Medical Expense Deductions » Dental medical expense deductions?
Dental medical expense deductions?
Medical expense deductions refer to a certain amount of tax deduction you may receive in case you have paid medical expenses for you or someone in your family.
Costs related to denture treatment are eligible for medical expense deductions. Medical expense deductions are part of a system put into place to reduce the financial burden of medical costs. If you must spend more than 100,000 yen in one year on medical costs, then a portion of your income tax will be returned to you.
In the case that medical expenses are incurred by a person or a spouse or other family members supported by that person (between January 1 and December 31 of each year), and these expenses are reported by March 15 of the next year, then that person can receive back a portion of their tax as a medical expense deduction or their tax burden will be lightened.
However, if medical expenses do not exceed 99,999 yen in one year, then no deductions can be made (the amount reported cannot exceed 2,000,000 yen).
People whose gross income does not exceed 2,000,000 yen can report medical expenses that equal or exceed 5% of their income.
トップへ » Considering Dentures? » Concerning Medical Expense Deductions » Dental medical expense deductions?
