Up in smoke: The trend toward legalizing marijuana continues — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Up in smoke: The trend toward legalizing marijuana continues

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in Employment Law,Human Resources

Marijuana legalization was voted in by Oregon, Alaska and the District of Columbia with more states likely to adopt similar measures. What does this mean to consumers for federal income tax purposes?

Not much. Even if a doctor prescribes marijuana use for medical reasons, it can’t be deducted as a medical expense because federal law doesn’t sanction the usage.

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