Oregon Allows for Medical Marijuana Deduction

by Kenneth Hoffman in ,

The Oregonian and the Huffington Post are reporting that Oregon is allowing a tax deduction for the costs associated with medical marijuana.

"Medical marijuana gets treated just like any other prescription drug,"

Currently, medical marijuana is not approved for a federal income tax deduction. See IRS Publication 502 for more information on what qualifies as a medical deduction for federal tax purposes.

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