Celiac.com 02/10/2016 - Can you take a tax deduction for your celiac-related gluten-free purchases? Well, income tax season is upon us once again, and so it's time to brush up on our tax rules.
Meanwhile, over at Forbes, Todd Ganos has a funny article where he riffs on gluten-free and celiac themes to drive home the point that one-size trusts and asset protection schemes are often not what they claim to be, and many of them are ineffective products aimed at people with less resources. To avoid getting stuck with a poor product, Ganos recommends turning to the IRS and to US case law to best vet the contents of any given asset protection product, especially such names as "The Gluten-Free Impenetrable Castle Asset Protection Trust."
Remember, if you eat a gluten-free diet as treatment for celiac disease or other medical conditions you may be eligible for tax breaks.
First and foremost, we at Celiac.com are neither lawyers, accountants, or tax professionals, and do not give tax advice. So, be sure to check in with the IRS, an accountant or a tax professional for answers to your specific tax questions and challenges. Stay tuned for more as tax season progresses.