Total Drag: Medical Pot Isn't Tax Deductible

By Caleb Newquist

Posted Aug 5, 2010 4:49 PM CDT Posted Aug 5, 2010 4:49 PM CDT
Promoted on Newser Aug 5, 2010 5:01 PM CDT

Copied

Total Drag: Medical Pot Not Deductible for Taxes — If you've got this at home, don't even think about deducting it. (AP)

After a little bit of confusion—thanks to a vaguely worded letter from the IRS on the use of an "herb"—it was re-confirmed marijuana is not eligible for deduction on citizens' personal tax returns. Even in states where it can be legally prescribed by a doctor. Read the full article at Going Concern.

Read These Next

Colorado wants to give 'peace of mind' on Hunter S. Thompson.
Defense officials react to Hegseth's Quantico meeting.
Hiker lost for days in Idaho had no pants or shoes.
The world is mourning the 'patron saint' of primatology.

Report an error