Total Drag: Medical Pot Isn't Tax Deductible

By Caleb Newquist

Posted Aug 5, 2010 4:49 PM CDT Posted Aug 5, 2010 4:49 PM CDT
Promoted on Newser Aug 5, 2010 5:01 PM CDT

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Total Drag: Medical Pot Not Deductible for Taxes — If you've got this at home, don't even think about deducting it. (AP)

After a little bit of confusion—thanks to a vaguely worded letter from the IRS on the use of an "herb"—it was re-confirmed marijuana is not eligible for deduction on citizens' personal tax returns. Even in states where it can be legally prescribed by a doctor. Read the full article at Going Concern.

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