Is vision insurance deductible

[xmasbaby0]

Enter it as a medical expense.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2020—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expense

[JoannaB2]

Yes, The medical insurance coverage includes health, dental, and vision.  Those are deductible on your 1040 income tax return, Schedule A (Itemized Deduction) as medical expense. Your itemized deductions (including medical expenses over 7 1/2 % of adjusted gross income) must exceed your standard deduction to claim it. 

Below are 2020 Standard Deduction:

• Single and Married Filing Separate                              $12,400
• Married Filing Joint and Qualifying Widow/ widower      24,800
• Head of Household                                                         18,650

Additional standard deduction may apply for married taxpayers  65 or over and blind (plus $1,300) and single and head of household 65 and over and blind ($1,650).