Ask Me Help Desk
>
Money & Services
>
Taxes
> Are patient assistance funds from a drug company taxable?
Log in
View Full Version :
Are patient assistance funds from a drug company taxable?
ldetray
Mar 27, 2013, 10:09 PM
I take a very expensive prescription drug and the maker of the drug gives me financial assistance to pay my co-pays. Is this taxable?
AtlantaTaxExpert
Mar 27, 2013, 10:28 PM
No, that is charitable giving pure and simple, and the recipient is NOT taxed on it.
ldetray
Mar 28, 2013, 05:18 AM
Thanks so much!
AtlantaTaxExpert
Mar 28, 2013, 07:57 PM
Glad to help!