Question

Your favorite silver-haired gentleman-client calls one day and asks whether the utterly and completely outrageous cost of his Viagra is deductible. (He’s not sick – in good health in fact, just not as young as he used to be…). How do you respond, and why?

Answer 1

I would have to tell the silver haired gentleman that the cost of Viagra is not deductible. The reasons for the same are mentioned below:

- The deductions you can take as individual tax deductions include interest on mortgage, property tax, medical expenses and charitable donations.

- In this case, Viagra is not required for medical reasons and is more of a source of entertainment.

- It does not qualify as a medical expense as it is not impacting the overall health of the gentleman.

- Thus, it is not deductible.