Connect with us

Hi, what are you looking for?

Health

IRS Classifies At-Home Testing for COVID-19 as HSA, FSA Reimbursable Expenses

The Internal Revenue Service recently announced that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), or Archer medical savings accounts (Archer MSAs).

That is because the cost to diagnose COVID-19 is an eligible medical expense for tax purposes.

Advertisements

The IRS also reminds taxpayers that the costs of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 are eligible medical expenses that can be paid or reimbursed under health FSAs, HSAs, HRAs, or Archer MSAs. Additional information is available on IRS.gov.

For more information regarding details and requirements on deductibility of medical expenses, taxpayers can review Can I Deduct My Medical and Dental Expenses? and Publication 502, Medical and Dental Expenses.

The Georgia Virtue
Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement
Advertisement

Facebook

The Georgia Virtue on Youtube

Advertisement

You May Also Like

Courts

By: Eric Cumbee The First Amendment lawsuit filed against Savannah Mayor Van Johnson has been resolved with a federal judge signing a permanent injunction....

Law Enforcement

The fact that a south Georgia sheriff has not paid federal taxes in a decade has some wondering how he has been able to...

Bulloch Local News

Two brothers accused of sex crimes against two different victims will appear in Bulloch County Superior Court for a much awaited trial stemming from...

Sticky Post

The following column is an opinion piece and reflects the views of the author and not those of The Georgia Virtue. Three different cases...

Copyright © 2021 ... JustSun LLC.

NEVER MISS A STORY!
Sign Up For Our  Newsletter
Get the latest headlines and stories - and even exclusive content!- sent right to your inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
×