Can you deduct a hearing aid off your Taxes as a Medical Deduction?
Pinklight asked:
I am hearing impaired, and I had to purchase a hearing aid last year, my insurance company does not pay for hearing aids, therefore there was no reimbursement at all. Any advice will help. Thanks!!
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I am hearing impaired, and I had to purchase a hearing aid last year, my insurance company does not pay for hearing aids, therefore there was no reimbursement at all. Any advice will help. Thanks!!
March 20th, 2009 at 5:09 am
Yes, just like prescription Glasses. You can deduct it. You MUST itemize though. 1040 LONG FORM.
March 22nd, 2009 at 1:33 pm
You can deduct a hearing aid as a medical expense. However, medical deductions are limited to anything above 7.5% of your adjusted gross income. For example, say your AGI was $10,000. The hearing aid and other medical expenses would have to exceed $750. Then you would only get a deduction for the amount over. Say the hearing aid and other medical expense were $1,000. Your deduction would be $250. Also, you would need additional itemized dedcution(mortgage interest, charitable contributions, etc.) in exccess of the standard deduction to make it worth it.