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PERSONAL PROTECTIVE EQUIPMENT CAN BE TREATED AS MEDICAL EXPENSE

PERSONAL PROTECTIVE EQUIPMENT CAN BE TREATED AS MEDICAL EXPENSE

The IRS issued Announcement 2021-7 allowing taxpayers to treat personal protective equipment as a medical expense. As a result, the purchase of items such as masks, hand sanitizer, and sanitizing wipes used to prevent the spread of COVID-19 are an allowable deductible medical expenses subject to the 7.5% itemized deduction limit on medical expenses.

Taxpayers who do not itemize or are limited by medical expenses also have the option to use health flexible spending arrangements, Archer medical savings accounts, or health savings accounts to pay for personal protective equipment.

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