Purchasing hearing aids at a pre-income tax cost level
The majority of people with hearing loss in America are under retirement age and working; some people in need of hearing aids might be sitting on the side-lines hoping for the hearing aid tax credit bill to pass (www.hearingaidtaxcredit.org) which permits tax credits (which is better than a deduction) up to $1,000 for a pair of hearing aids.ᅠ But many people are not aware that they could already get this tax credit if they participate in their company's medical flexible spending account program (FSA). Here's how it works....
