Health and Beauty

Invisalign Tax Deductible

Align Technology Reports a Big Drop in Net Profit in the Fourth Quarter -- and It's Great News

Data source: Align Technology.

What happened with Align Technology this quarter?

Let's first address what appears at first glance to be a big problem for Align. Why did earnings plunge in the fourth quarter? You can blame President Trump and the U.S. Congress. Or you could thank them. Align's bottom line deteriorated because of one reason: tax reform.

The company reported a one-time $86.6 million tax expense in the fourth quarter, which translated to $1.06 per diluted share, as a result of the tax reform legislation recently signed into law. Without this negative impact, Align's net income would have more than doubled compared with the prior-year period. The great news, though, is that the company's tax burden will decrease in 2018.

Throughout 2017, Align repeatedly broke revenue records . The company repeated this trend in the fourth quarter. And once again, Align had positive news on all fronts. Invisalign sales in the fourth quarter jumped nearly 45% higher than the prior-year period to $364.2 million. Scanner and services revenue increased 37% year over year to $57.1 million.

Is the cost of invisalign tax deductible?

I know you can pay for it through those health savings accounts, but I don't think I set aside enough money to do that. Can I just pay for it out of post-tax dollars and then deduct it on my tax return?


If you itemize your deductions and pay it out in one year, it is itemized with medical deductions and is tax deductible. If you can't pay it out in one year, you may want to consider using a credit plan like CareCredit. You would make payments to them


If you itemize your deductions and pay it out in one year, it is itemized with medical deductions and is tax deductible. If you can't pay it out in one year, you may want to consider using a credit plan like CareCredit. You would make payments to them

Can I write off Invisalign as a business expense to correct a speech impediment as a voice-over artist?

I am looking into getting Invisalign to correct my bite/crowding. I know a portion of it is probably tax deductible as a non-cosmetic procedure since it will improve my overall dental health, but could I also write it off as a business expense? I am a


No, that will never count as a business expense. I see what you are saying as far as improve the quality of your services but i think that is a slippery slope to try and claim as a deduction. Not only that, I don't know that it would be worth all the


only is deductible only if you itemize deductions and still qualify after deducting 7.5% of AGI from the cost of the braces - if your AGI is $50,000, you can only add the cost over $3750 to your itemized deductions and if your TOTAL [Item ded] do not


I look for gray areas and try to push the envelope whenever I can, but no, this won't fly.

At your intial question, I thought if you only used the device when doing voice overs, that could separate the expense from a personal expense and