Can You Deduct Face Masks Hand Sanitizers From Your Taxes?

Can You Deduct Face Masks Hand Sanitizers From Your Taxes?

Can You Deduct Face Masks, Hand Sanitizers From Your Taxes? Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. × Search search POPULAR SEARCHES SUGGESTED LINKS Join AARP for just $9 per year when you sign up for a 5-year term. Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. Leaving AARP.org Website You are now leaving AARP.org and going to a website that is not operated by AARP. A different privacy policy and terms of service will apply.

Can You Write Off Face Masks Hand Sanitizers on Your Tax Return

IRS offers tax breaks for personal protective equipment during pandemic

Moment / Getty Images If you're still scrambling for tax deductions, here's one you may have overlooked: the cost of hand sanitizers, masks and other personal protective equipment (PPE) you bought to protect yourself from . Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.

Deducting medical expenses

Normally, you can't deduct nonprescription (except insulin), and you can't deduct most items for general health, such as dental floss or vitamins. But Congress has made an exception for items you buy to protect your health during the pandemic. The Internal Revenue Service says that any amount you paid for PPE with the primary purpose of preventing the spread of COVID-19 is deductible as a medical expense. If you , for example, you could use those costs as a medical expense on your 2020 federal income tax return. Similarly, you can deduct out-of-pocket costs for masks, gloves and other PPE. You could also deduct the , such as COVID-19 testing fees. There are two big hurdles to overcome with medical deductions. The first is you that your itemized deductions need to be higher than the . Otherwise, itemizing deductions won't reduce your taxes (or increase your refund) as much as the standard deduction would. For single taxpayers and for married taxpayers filing separately, the 2020 standard deduction is $12,400. People who file as head of household have an $18,650 standard deduction, and those who are married and filing jointly have a $24,800 standard deduction. The standard deduction is even higher if you are 65 or older. AARP Membership — $12 for your first year when you sign up for Automatic Renewal Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. only to the extent that they exceed 7.5 percent of your adjusted gross income. Flowers & Gifts 25% off sitewide and 30% off select items See more Flowers & Gifts offers > If your adjusted gross income is $75,000, for example, you could deduct only the amount of your qualifying medical expenses that are above $5,625. Fortunately, there are a wide number of unreimbursed medical expenses available to add to your itemized deductions, . If you have high medical costs, and you're close to the 7.5 percent threshold, your expenses for COVID-19 PPE could put you over the top and allow you to deduct some of your overall medical expenses.

Pay for PPE with FSA HSA money

You can also use tax-advantaged health flexible spending accounts (health FSAs), Archer medical savings accounts (Archer MSAs), health reimbursement arrangements (HRAs) or (HSAs) to pay for your PPE. If you do, however, you can't use those expenses as itemized medical expenses, since you already got a tax break on them. The same is true if you incur medical costs that your insurance covers in full. Normally, FSA money has to be used by the end of the year, but COVID-19 relief legislation gives you until Dec. 31, 2021, to spend 2020 FSA money. (As a bonus, any money you put into an FSA this year will be available until Dec. 31, 2022.) There is no deadline for HSA reimbursements. Be sure to keep your receipts. AARP Membership — $12 for your first year when you sign up for Automatic Renewal Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. is May 17, 2021. John Waggoner covers all things financial for AARP, from budgeting and taxes to retirement planning and Social Security. Previously he was a reporter for Kiplinger's Personal Finance and USA Today and has written books on investing and the 2008 financial crisis. Waggoner's USA Today investing column ran in dozens of newspapers for 25 years. More on money AARP Membership — $12 for your first year when you sign up for Automatic Renewal Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. AARP VALUE & MEMBER BENEFITS See more Health & Wellness offers > See more Flights & Vacation Packages offers > See more Finances offers > See more Health & Wellness offers > SAVE MONEY WITH THESE LIMITED-TIME OFFERS
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!