Most taxpayers understand that the cost of visits to the eye doctor are considered medical expenses. But what about contacts and glasses? Those costs can really add up, especially if you’re buying them for the whole family (my entire family of five wore them).
Here’s the answer: if you itemize your deductions, you may include the cost of contacts and glasses as medical expenses in addition to the cost of your visit. You can also include the cost of getting to and from your visit, including the costs of transit, mileage and parking. Click here for a list of additional medical expenses which may be deductible.
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Each Tuesday, I’ll post a family-related tax tip. It’s not meant to be too much to digest, just a tasty little tax morsel. If you have a suggestion for a future tip or a topic you’d like to see covered, drop me a note.
