http://www.ihearclear.com/blog/can-you-deduct-a-hearing-aid-off-your-taxes-as-a-medical-deduction/ Thu, 17 May 2012 20:19:08 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.ihearclear.com/blog/can-you-deduct-a-hearing-aid-off-your-taxes-as-a-medical-deduction/comment-page-1/#comment-909 Mary Anne Sun, 22 Mar 2009 18:33:09 +0000 http://www.ihearclear.com/blog/can-you-deduct-a-hearing-aid-off-your-taxes-as-a-medical-deduction/#comment-909 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. 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.

]]> http://www.ihearclear.com/blog/can-you-deduct-a-hearing-aid-off-your-taxes-as-a-medical-deduction/comment-page-1/#comment-908 The Wizard Fri, 20 Mar 2009 10:09:29 +0000 http://www.ihearclear.com/blog/can-you-deduct-a-hearing-aid-off-your-taxes-as-a-medical-deduction/#comment-908 Yes, just like prescription Glasses. You can deduct it. You MUST itemize though. 1040 LONG FORM. Yes, just like prescription Glasses. You can deduct it. You MUST itemize though. 1040 LONG FORM.

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