Welcome to The Purse Forum, the Internet's #1 community for handbag lovers and shoulder fashion fetishists! Over 150,000 members have contributed over 8 million posts in 339,000+ threads about the hottest 'it' bags of the seasons, they've evaluated eBay sellers and other online stores and discussed a variety of other topics...

You currently are not logged in and are viewing the Purse Forum as a guest. This enables you to read most of our content. If you would like to actively participate in current threads or create your own, view or post pictures, vote in polls, privately interact with any of our members or use all the other features of this site, you will need to register for free with a valid email address and a user name of choice. Join our fast growing community today!


Reply
 
Thread Tools
Old Feb 8th, 2008, 05:54 PM   #1
Woosaaa
 
Kiss Me Deadly's Avatar
 
Location: New York!!
Default Medical Deduction Question

Can you claim glasses or contacts as medical expenses for your medical deduction?
__________________


Kiss Me Deadly is offline   Reply With Quote
Old Feb 8th, 2008, 09:05 PM   #2
Relax...
 
ImASadGiraffe's Avatar
 
Location: IL
Default Re: Medical Deduction Question

I don't think so...there are a lot of rules applying to medical deductions.

If you have a pre-tax Flexible Health Savings Account, that can be used for glasses, contacts, solution, OTC meds, etc.
__________________


ImASadGiraffe is offline   Reply With Quote
Old Feb 8th, 2008, 09:10 PM   #3
Member
 
Demosthenes's Avatar
 
Default Re: Medical Deduction Question

You can! I used to do it when I had crappy insurance.

Contact Lenses
You can include in medical expenses amounts you pay for contact lenses needed for medical reasons. You can also include the cost of equipment and materials required for using contact lenses, such as saline solution and enzyme cleaner. See Eyeglasses and Eye Surgery, later.

Eyeglasses

You can include in medical expenses amounts you pay for eyeglasses and contact lenses needed for medical reasons. You can also include fees paid for eye examinations.

That's from this link:

http://www.irs.gov/publications/p502/ar02.html

But remember, you can only deduct expenses if they total over 7.5 % of your income that year. (Worked out great when I was a lowly college student, but after I got better paying jobs I couldn't qualify)
__________________

Last edited by Demosthenes; Feb 8th, 2008 at 09:11 PM. Reason: Formatting was screwy.
Demosthenes is offline   Reply With Quote
Old Feb 9th, 2008, 01:21 AM   #4
Member
 
cola262's Avatar
 
Location: NYC
Default Re: Medical Deduction Question

^ Agreed, you can only deduct amounts spent over 7.5% of your adjusted gross income.

from IRS:
Example.
Your adjusted gross income is $40,000, 7.5% of which is $3,000. You paid medical expenses of $2,500. You cannot deduct any of your medical expenses because they are not more than 7.5% of your adjusted gross income.
__________________
Speedyshaper.com Solutions for your sagging bags.Since March 07
cola262 is offline   Reply With Quote
Old Feb 9th, 2008, 10:40 AM   #5
Woosaaa
 
Kiss Me Deadly's Avatar
 
Location: New York!!
Default Re: Medical Deduction Question

^^thanks!
__________________


Kiss Me Deadly is offline   Reply With Quote
Reply

  The Purse Forum » The Playground » Money Talks  

Thread Tools