March 29, 2021


Amounts paid for personal protective equipment qualify for medical deduction

The IRS said on Friday that amounts paid for personal protective equipment (PPE), including masks, hand sanitizer, and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 can be treated as amounts paid for medical care under Sec. 213(d) (Announcement 2021-7). As a result, amounts paid by an individual taxpayer for COVID-19 PPE for use by the taxpayer, the taxpayer’s spouse, or the taxpayer’s dependents that are not compensated for by insurance or otherwise are deductible under Sec. 213(a) if the taxpayer’s total medical expenses exceed 7.5% of adjusted gross income.

These amounts are also

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No Fees, Higher Loan Amounts

Credit cards usually have very high interest rates, making it harder for you to pay off your debt. Personal loans, which often have lower APR, can therefore help you out when refinancing existing debt or even just making a major purchase.

SoFi Personal Loans come with no fees other than interest, unlike many other lenders who charge origination and late fees. CNBC Select ranked SoFi personal loans as the best for refinancing high interest debt because qualifying applicants can borrow up to $100,000, which comes in handy when your debt feels out of control.

SoFi accepts applicants with good

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