The FDA says you shouldn’t rely on 23andMe’s genetic tests for a diagnosis. But you can get favorable tax treatment for buying them.
WASHINGTON—Buyers of 23andMe Inc.’s genetic-testing kits will now have an easier time paying for the service with tax-advantaged health accounts after a favorable IRS ruling.
The decision offers more clarity to consumers and reduces the cost of the company’s service. It also highlights differences between the tax law’s permissive definition of medical care and health regulators’ more restrictive approach to direct-to-consumer testing products.
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