Living with missing teeth affects your everyday routine and lifestyle. Tooth loss can impact what you can eat, how you look and feel, and how you interact with others. However, for many patients considering dental implants, the treatment cost may be a roadblock in the decision process. If you’re looking to save money on a tooth replacement solution without compromising your quality of life, we have good news. Dental implants are tax deductible, meaning you can recoup some of their expense come tax season.
What Are Dental Implants?
If you’re seeking the most effective, functional way to replace missing teeth, you can’t go wrong with dental implants. They’re sturdy titanium screws that Dr. Ney carefully inserts in the jawbone. This solid foundation allows them to firmly anchor restorations such as dental crowns, implant-supported bridges, and implant dentures. Their connection to the jawbone enables these prosthetics to function more reliably than traditional restorations. If you’ve ever witnessed old-fashioned dentures slipping or falling out of someone’s mouth, rest assured, that will never happen with dental implant solutions.
The benefits of implants go beyond stability. By replacing the missing tooth root, the implant stimulates the jawbone, preventing its deterioration over time. Quickly replacing a missing tooth also prevents bacteria from hiding out in hard-to-reach areas and keeps your other teeth from shifting into the space. With dental implants, you get all these benefits and the peace of mind that comes with knowing your teeth won’t budge.
How Are Dental Implants Tax Deductible?
It’s no surprise that, with all the benefits mentioned above, dental implants sound pretty enticing. But there’s another lesser-known benefit we haven’t discussed yet—your dental implants can be tax deductible! IRS Topic No. 502 states that medical and dental expenses can be deducted, provided they meet certain conditions. The IRS defines medical and dental expenses as “payments for treatments affecting any structure or function of the body.” False teeth, including dental implants, are therefore eligible for deduction.
So, what conditions do you need to meet? First, you CANNOT deduct any costs that were covered by insurance. Second, you can only receive this tax break if you itemize your deductions. Finally, you can only deduct expenses greater than 7.5% of your Adjusted Gross Income (AGI).
Figuring Out Your Qualifying Tax Deduction
The first thing you need to do is calculate your Adjusted Gross Income (AGI), which is something you do each year when you file your taxes (see line 11 of Form 1040). You determine your AGI by adding all your income (salary, interest, dividends, tips, etc.) and subtracting certain adjustments (contributions to retirement accounts, student loan interest, self-employed health insurance premiums, etc.).
Once you’ve determined your AGI, let’s say $60,000, you’ll need to take 7.5% of that as the minimum threshold for withholding. In this case, 7.5% of your $60,000 AGI is $4,500. This is the portion of your qualifying medical and dental expenses that is not eligible for deduction. Everything beyond this number that wasn’t covered by insurance can be deducted. Still with us? Let’s continue.
Let’s say your total medical and dental expenses were $19,000. Next, you’ll subtract the minimum threshold ($4,500). What’s left is $14,500, which is your qualifying deduction.
Mini Dental Implants Make Treatment More Affordable
Mini dental implants offer a cost-effective alternative to traditional implants, providing an opportunity to save on dental implant expenses. These slimmer, one-piece implants enable a simpler and less invasive placement, leading to an accelerated treatment timeline and quicker recovery. Not only are they immediately stable upon placement, but they also match the long-term success rates of conventional implants. Additionally, mini implants are particularly beneficial for patients with less jawbone density, thanks to their upgraded design, narrow width, and minimally invasive procedure.
Mini implants cost less than their traditional counterparts because of their streamlined process and the fact that they require less titanium. They also offer other advantages, such as their suitability for patients with a smaller jawbone, a one-piece design rather than a two-piece, and a minimally invasive placement procedure that doesn’t require incisions or stitches. If you want to take advantage of everything dental implants have to offer while keeping the focus on affordability, mini implants could be the tax-deductible option you’re looking for.
The cost savings of mini implants stem from their more streamlined procedure, fewer required visits, and reduced material cost. These benefits make them significantly more affordable than larger traditional implants. For those seeking the benefits of dental implants while prioritizing affordability, mini dental implants represent a tax-deductible solution that doesn’t compromise quality or effectiveness.
Schedule a Free Consultation With Dr. Ney, The Dental Guy
If you’ve hesitated to replace your missing teeth because of financial concerns, now’s the time to explore the benefits of mini dental implants. Dr. Ney and his experienced team are happy to explain the procedure in detail and guide you through the entire process. Call our office to schedule a free consultation and discover how mini dental implants can restore your smile without straining your wallet.
