Is PPE tax deductible?
Yes for tax year 2020, the IRS is allowing PPE, or personal protective equipment, to be considered a qualifying medical expense. This includes masks, hand sanitizer, and sanitizing wipes to prevent the spread of the coronavirus.
Remember: Only medical expenses paid out-of-pocket and not reimbursed by your health insurance plan may qualify as tax deductible.
Educators K-12 teachers, principals, instructors, counselors, and school aides can also now include these coronavirus protection items in their maximum $250 yearly educator expense deduction.
What other medical expenses are tax deductible?
The IRS says medical expenses include payments for the diagnosis, cure, mitigation, treatment, or prevention of disease, or payments for treatments affecting any structure or function of the body.
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Michele Cagan
Michele Cagan is a CPA, author, and financial mentor. With more than 20 years of experience, she offers unique insights into personal financial planning, from breaking out of debt and minimizing taxes to maximizing income and building wealth. Michele has written numerous articles and books about personal finance, investing, and accounting, including The Infographic Guide to Personal Finance, Retirement 101, and Debt 101.
In addition to her financial know-how, Michele has a not-so-secret love of painting, Star Wars, and chocolate. She lives in Maryland with her son, dogs, cats, and koi. Get more financial guidance from Michele by visiting her website.
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