Professional Expense Deductions: Who Qualifies and What You Get
Learn how to claim tax refunds in Mexico by deducting eligible medical, dental, and education expenses from your annual tax return.
Professional Expense Deductions allow taxpayers to reduce their tax burden by subtracting specific personal costs from their taxable income. This process can lead to a tax refund when your deductions offset the amount of tax you owe.
Who it's for
This scheme is for taxpayers who are filing their annual tax returns.
What you get
You can receive tax refunds based on your eligible expenses. Qualifying costs include certain medical, dental, and education expenses.
What it costs you
To claim these benefits, you must have official digital invoices, known as Facturas (CFDI), for every expense you intend to deduct.
The catch to know
You cannot use cash payments to claim these deductions. To ensure your expenses are valid, you must always pay using a credit card, debit card, or bank transfer.
How to apply
- Collect your official digital invoices (CFDI) for all qualifying expenses.
- Ensure all payments were made via electronic transfer or card rather than cash.
- Include these expenses when filing your annual tax return.
- Monitor your tax status to receive any eligible Devolución (refund).