IRS Rules That The Purchase Of Condoms And Oral Contraceptives Are Tax Deductible
Briefly

from Above the Law2 months ago
The IRS's recent Notice 2024-71 allows taxpayers to deduct condom purchases for disease prevention. This interprets condoms as medical expenses, emphasizing public health over contraceptive intent.
Above the Lawhttps://abovethelaw.com/2024/10/irs-rules-that-the-purchase-of-condoms-and-oral-contraceptives-are-tax-deductible/
Prior interpretations viewed condom use mostly for contraception, which isn’t seen as a medical necessity. The recent safe harbor recognizes that proper use minimizes STD risk.
Above the Lawhttps://abovethelaw.com/2024/10/irs-rules-that-the-purchase-of-condoms-and-oral-contraceptives-are-tax-deductible/
The guidance from the IRS offers a significant benefit as it recognizes the public health implications of condom purchase, thus easing the conditions for tax deductions.
Above the Lawhttps://abovethelaw.com/2024/10/irs-rules-that-the-purchase-of-condoms-and-oral-contraceptives-are-tax-deductible/
Condom purchases can now qualify as an itemized deduction, provided other medical expenses also exceed 7.5% of adjusted gross income while considering the standard deduction.
Above the Lawhttps://abovethelaw.com/2024/10/irs-rules-that-the-purchase-of-condoms-and-oral-contraceptives-are-tax-deductible/
Read at Above the Law
#irs #tax-deduction #contraceptives #public-health #medical-expenses
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