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New Member
posted Jan 29, 2021 9:27:36 AM

Where do I deduct for eye glasses

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2 Replies
Expert Alumni
Jan 29, 2021 9:59:06 AM

Eye glasses will be part of your qualified medical expenses and can be deducted on Schedule A.

 

However, see below if Filing Schedule A or taking the Standard Deduction  will be your best option.  TurboTax will walk you through this step by step.

 

How to claim medical expense deductions

One of the most important things to know about deducting medical expenses is you have to itemize deductions on Schedule A to receive a tax benefit.

When you file your Form 1040, you typically have the option of itemizing or taking the standard deduction — a predetermined amount based on your filing status.

For 2020, the available standard deductions are as follows:

 

Filing Status2020 Standard Deduction

Single$12,400

Married Filing Jointly$24,800

Married Filing Separately$12,400

Head of Household$18,650

 

To benefit from medical expense deductions, your total itemized deductions — deductible medical expenses, state and local taxes, home mortgage interest and charitable contributions — must be greater than your available standard deduction.

In addition, in 2020, you can only deduct unreimbursed medical expenses that exceed 7.5% of your adjusted gross income (AGI), found on line 11 of your 2020 Form 1040.

For example, if your AGI is $50,000, the first $3,750 of qualified expenses (7.5% of $50,000) don't count. If you had $5,000 of unreimbursed medical expenses in 2020, you would only be able to deduct $1,250 on Schedule A.

Level 15
Jan 29, 2021 10:18:15 AM

Just be aware that only prescription eyeglasses qualify.  "Readers" that you buy in, say, a drug store do not.