Post #1635421

Updated guidance from the IRS for tax year 2026. As of April 22nd 2026 the FDA has redesignated cannabis a schedule 2 drug. This means your medical cannabis expenses are now tax deductible like any other medical expenses on your Schedule A itemized deductions for TY26 filing (April 2027) This currently only applies to expenses incurred as a medical marijuana card holder at licensed dispensaries. Keep receipts or records to claim the deductions