Masks, hand sanitizers, PPE are tax-deductible, IRS says – FOX 6 Milwaukee

Masks, hand sanitizers, PPE are tax-deductible, IRS says – FOX 6 Milwaukee





Share
A gull was rescued after it was discovered with a disposable surgical face mask tangled around its legs in Chelmsford, England.
The Internal Revenue Service announced on Friday that personal protective equipment purchased to stop the spread of COVID-19 are considered tax-deductible.
PPE such as masks, hand sanitizer, hand soap, disposable gloves and sanitizing wipes qualify as deductible medical expenses, the IRS said in a news release.
These purchases are eligible to be reimbursed under health flexible spending arrangements (health FSAs), Archer medical savings accounts (Archer MSAs), health reimbursement arrangements (HRAs), or health savings accounts (HSAs).
Hand sanitizer and wipes sit on the desk of Vlad Lapich, with tech startup company Fast, who works on the first day back in the office on March 24, 2021, in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
But according to FOX Business, taxpayers can deduct expenses for protective equipment if they have medical expenses that exceed 7.5% of their adjusted gross income and they itemized their tax returns.
For more information on what qualifies as deductible, the IRS encourages taxpayers to click the following links:
Last month, the IRS said eligible teachers could deduct unreimbursed expenses for PPE bought later than March 12, 2020.
RELATED: IRS will delay tax filing deadline until May 17
Federal tax season began on Feb. 12 and typically runs until April 15. But this year it will end on May 17.
The IRS extended the deadline so they can process a backlog of paper returns from last year and incorporate changes the Biden administration has made to the tax code.
This story was reported from Atlanta.
 
All the news you need to know, every day
By clicking Sign Up, I confirm
that I have read and agree
to the Privacy Policy
and Terms of Service.

This material may not be published, broadcast, rewritten, or redistributed. ©2023 FOX Television Stations

source



Leave a Reply

Your email address will not be published. Required fields are marked *