Blog

April 28, 2017, By: Jacky Gale, News

Financing Cosmetic Surgery with Your Tax Refund

During 2016, Americans spent about $16 billion on cosmetic surgeries and enhancements. It’s quite likely that even more Americans wanted to invest in cosmetic surgery, but weren’t sure they could afford it. Since it’s usually considered an elective procedure, cosmetic surgery isn’t often covered by health insurance. But if you have your heart set on improving your looks, tax refund season might be the best time to do it.

A look at the numbers

Some people use their tax refund to pay down debt or perhaps take a summer vacation. But an increasing number of Americans—36 percent, in fact—plan to use part or all of their tax refund to get the look they want. That’s according to a RealSelf.com survey. The same website conducted the same survey last year and found that 29 percent of those surveyed planned to spend all or part of their tax refund on cosmetic enhancements.

One of the perks of going this route is that there are cosmetic enhancements available at a range of price points. Those with a smaller refund might opt for laser skin resurfacing. Dermal fillers, Botox injections, and Latisse (which nurtures thicker, longer eyelashes) are also popular choices.

If you’re expecting a larger tax refund—or you aren’t shy about chipping in a few extra bucks—consider getting a procedure that will yield more dramatic results. Liposuction remains a popular choice, but CoolSculpting is also quite popular because it is noninvasive. Both will help you get beach-ready for the summer. Other top choices include breast augmentation and breast lift, male breast reduction, rhinoplasty, facelift, and neck lift.

What to consider before choosing plastic surgery

There are many factors that go into making the decision. In regards to financing the procedure, it’s always a good idea to wait for that check from Uncle Sam. You’ll get more money back by waiting a few extra weeks compared to securing a cash advance on your refund from a tax filing company.

Use the time to carefully consider if cosmetic surgery is right for you, and if so, which procedure might offer the most bang for your buck.

When you meet with a board-certified plastic surgeon, you’ll explain all of your areas of concern and your desired results. The surgeon will then discuss your recommended treatment plan. It’s often more effective to go into the office knowing what you might like to change, but not having your heart set on a specific procedure. The plastic surgeon might find, for instance, that Kybella injections might be a better option for dealing with a double chin compared to liposuction under the chin.

Artistic cosmetic surgery in NYC

Investing in your appearance with your tax refund may be a smart decision, but choosing the cheapest plastic surgery office on the basis of cost alone is never wise. When you select a plastic surgeon, you should consider training, credentials, experience, reputation, and your personal comfort level with the surgeon.

Plastic surgery patients in NYC choose Dr. B. Aviva Preminger because of her impeccable credentials and stellar reputation, along with her uncompromising commitment to personalized patient care and artistic, natural-looking results. Call Dr. Preminger’s Manhattan plastic surgery office to schedule your confidential consultation.

Additional “using your tax refund for plastic surgery” resources

  1. RealSelf.com, Would You Spend Your Tax Refund on a Cosmetic Procedure? Here’s What You Can Get With Your Hard-Earned Cash, https://www.realself.com/blog/your-tax-refund-treat-cosmetic-procedures#.WQKnVty1uZM
  2. NBC Miami, Survey: Many Spending Tax Refund on Plastic Surgery, http://www.nbcmiami.com/news/local/Survey-Many-Spending-Tax-Refund-on-Plastic-Surgery-419773083.html
Newer Older