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Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday.
The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted gross income each year. The IRS is counting costs incurred for PPE as a medical expense that qualifies for the tax break.
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For example, individuals with $100,000 of income in 2020…
Source cnbc.com
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