So make no mistake, the deduction isn't new but the addition of COVID-19-related costs is useful and offers more possible ways to reach that deduction. Many teachers know that they can claim a $250 tax break for many out-of-pocket costs. If a teacher had to cover the cost of plexiglass, well, that could be used toward that deduction, too. "The teachers deduction was expanded to include expenses for PPE and related COVID expenses," said Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting.Īccording to the Internal Revenue Service, COVID-19 personal protective equipment includes face masks, disinfectant for use against COVID-19, hand soap, hand sanitizer, disposable gloves, as well as tape, paint or chalk to guide social distancing. Here are some tax breaks to consider: A break for teachersĮligible teachers now can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of the virus in the classroom. Or if you saw a drastic reduction in your income - and had some extraordinary medical expenses - you might be able to deduct medical expenses for 2020 when you couldn't in the past. Those who had huge medical bills last year should gather up their paperwork to see if they possibly can deduct a portion of their high out-of-pocket expenses. Most taxpayers check the box to claim the standard tax deduction. This tax season, though, the pandemic has caused many people to want to know how they can deal with COVID-19-related medical costs.
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