IRS: PPE that reduced spread of coronavirus is tax-deductible
The Internal Revenue Service is making a clarification that could mean some added money in your tax returns this year.
According to the IRS:
“The purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses.”
It goes on to say that the amounts paid for PPE “are also eligible to be paid or reimbursed under health flexible spending arrangements (health FSAs), Archer medical savings accounts (Archer MSAs), health reimbursement arrangements (HRAs), or health savings accounts (HSAs).”
The IRS is helping people determine what other medical expenses are tax deductible on the agency’s website.
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