Laser eye surgery is a life-changing procedure that can eliminate the need for glasses or contact lenses, providing improved vision and quality of life. However, the cost of this surgery can be a concern for many individuals. You may wonder if you can claim laser eye surgery on tax in 2023 to alleviate some of the financial burden. Let’s explore the recent changes regarding this matter.
The End of Medical Expense Tax Offset
As of the 2019-2020 financial year, the option to claim laser eye surgery expenses on your taxes in Adelaide and throughout Australia has changed significantly. The Medical Expense Tax Offset (METO) that once allowed individuals to claim out-of-pocket medical expenses, including laser eye surgery, has been phased out and is no longer available.
With the discontinuation of METO, it’s important to understand that all out-of-pocket expenses for medical procedures, including laser eye surgery, can no longer be claimed as a tax deduction starting from the 2019-2020 financial year.
These changes have implications for individuals considering laser eye surgery.
Convenient Financing Options
At IVISION LASER, we understand that upfront payment might not be feasible for everyone. That’s why we offer flexible financing options designed to fit your budget. Our financing plans are tailored to ensure that you can undergo the procedure without unnecessary financial stress.
Interest-Free Payment Plans
One of the financing options we offer is an interest-free payment plan. This means you can spread the cost of your laser eye surgery over a 24-month period without incurring any interest charges. It’s a convenient way to make your procedure affordable while keeping your monthly expenses manageable.
Laser eye surgery offers the promise of improved vision and a higher quality of life, but financial concerns can be a hurdle. Unfortunately, the option to claim it as a tax deduction through the Medical Expense Tax Offset (METO) ended in the 2019-2020 financial year.
So can you laser eye surgery on tax in 2023? The short answer is no, however, there’s still hope for those looking to experience the benefits of laser eye surgery. IVISION LASER understands your financial concerns and offers convenient financing options, including interest-free payment plans spread over 24 months.
Don’t let cost deter you from clearer vision. Take the first step towards a brighter future by considering laser eye surgery. To see if you’re a suitable candidate, take our self-test now.
Your journey to better vision begins here.