IRS Official Clarifies That Medical Marijuana Is Not Tax-Deductible Under Federal Law After Misstatement

For anyone left wondering whether medical marijuana purchases are deductible on your federal taxes, the answer is no. But there was some confusion about the tax option after Internal Revenue Service (IRS) National Taxpayer Advocate Erin Collins was asked about the issue during an interview with C-SPAN’s Washington Journal on Thursday. A Nevada-based caller asked … Continue reading IRS Official Clarifies That Medical Marijuana Is Not Tax-Deductible Under Federal Law After Misstatement