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IRS Issues Reminder Noting Cost of At-Home COVID-19 Testing and PPE Are Eligible Medical Expenses Reimbursable under FSAs, HSAs

The Internal Revenue Service (IRS) issued a reminder to taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), or Archer medical savings accounts (Archer MSAs). That is because the cost to diagnose COVID-19 is an eligible medical expense for tax purposes.

In addition, the IRS notes that the costs of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes for the primary purpose of preventing the spread of COVID-19 are eligible medical expenses that can be paid or reimbursed under health FSAs, HSAs, HRAs, or Archer MSAs. Additional information is available on here.

For more information regarding details and requirements on deductibility of medical expenses, individuals can review Can I Deduct My Medical and Dental Expenses? and Publication 502, Medical and Dental Expenses.

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