Taxpayers who are registered in the Federal Taxpayer Registry (RFC) of the Tax Administration Service (SAT) As individuals, they have until April 30 to submit the Annual Declaration, so it is important that they know which medical expenses they can deduct.
First of all, we must emphasize the fact that the Tax Administration Service (SAT) makes available to taxpayers the possibility of reducing their tax payments through the deduction of expenses for medical concepts.
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It is in this way that, in accordance with current tax laws regarding tax deduction, The following are some of the medical expenses that can be deducted in the Annual Return for tax year 2023:
*Medical fees: include payments to doctors, dentists, psychologists and nutritionists.
*Hospital expenses: all costs derived from hospitalizations.
*Medicines: only those included in hospital bills.
*Nursing services: fees paid to certified nurses.
*Clinical studies: analysis and other necessary medical studies.
*Prostheses: essential elements recommended by health professionals.
*Medical equipment: purchase or rental of devices for rehabilitation or restoration.
*Prescription optical lenses: with a deduction limit specified by law.
*Medical expense insurance: premiums paid for specialized insurance.
*Medical expenses derived from disabilities or permanent disabilities greater than 50%, as long as there is certification from an institution of the National Health System that endorses the condition.
It should be taken into account that, in accordance with the rules of the tax agency of the Ministry of Finance and Public Credit (SHCP), in order to make Valid deductions for medical expenses must meet the following conditions:
*Proper documentation: All expenses must be supported by invoices (CFDI) issued by certified professionals.
*Payment methods: payments must be made through formal means such as personal check, electronic transfer, credit card, debit card or services, which ensures adequate traceability for tax purposes.
On the other hand, it must be kept in mind that the deductions in the 2023 Annual Return to the SAT for medical expenses are available for individuals who have income from fees, salaries and wages, leasing and business and/or professional activity.
Requirements
Finally, the requirements to submit the Annual Declaration to the SAT are the following:
*Federal Taxpayer Registry (RFC), which is obtained when registering with the Treasury.
*The electronic signature or e.firma.
*The password generated on the SAT portal.
*Standardized Bank Code (CLABE) if you have a favorable balance.
*Name of the beneficiary to receive the resources.
*Proof of payment and proof of interest received.
*The income record and any document that contains information about the annual expenses that a business has had.
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