US | marijuana 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 Copied 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. Read These Next Trump, Johnson aren't happy with pick for Super Bowl headliner. It's being called a disturbing trend: paragliders with bombs. The Treasury isn't backing down from its Trump coin plan. Felix Baumgartner's death attributed to his own error. Report an error