You may be wondering: can I claim my glasses on my taxes? The short answer is “it depends.” To explain, we must define some financial terms and discuss the options available to you.
Table of Contents
1. Are Eyeglasses Tax Deductible?
2. Tax Free Eyewear
3. Using FSA/HSA on Prescription Eyewear
4. Prescription Eyewear at SportRx
Are Eyeglasses Tax Deductible?
“Tax deductible” refers to income that cannot be taxed. On its own, prescription eyewear is not tax deductible. But don’t lose hope — the IRS has stipulated that in 2022, medical devices (such as prescription glasses or sunglasses) and treatments can be tax deductible if your out-of-pocket annual expenses are more than 7.5% of your adjusted gross income (AGI).
For example, if your AGI is $50,000, your total medical expenses for the year (spouse and dependents also count toward this) would need to exceed $3,750 to be tax deductible. So, if aside from prescription eyewear, you plan to spend money on eye exams and other medical procedures, save all your bills and receipts for tax season.
Tax Free Eyewear
If you don’t plan to spend more than 7.5% of your AGI on glasses and other medical procedures, know that prescription eyewear should be tax free. “Tax free” refers to no added sales tax when you purchase eyeglasses or prescription sunglasses, regardless of which state you’re in. When you buy from SportRx, shipping is also free for US orders, so you’re only paying for your sunglasses (and all those awesome lens upgrades).
Using FSA/HSA on Prescription Eyewear
While not tax deductible, you may also use a flex account to pay for eyeglasses or prescription sunglasses. FSA and HSA accounts are considered pre-tax money, which means the money in these accounts is not counted toward your gross income. With HSAs in particular, money can be set aside and remain there year after year, to use whenever you need.
SportRx has some other FSA & HSA advice blogs, so read our guide on FSA/HSA Eligible Eyewear for more tips on how to get the most out of your flex dollars.
Prescription Eyewear at SportRx
Need prescription glasses or sunglasses? Done. When you shop with us, you’ll find video guides and tooltips throughout the build process as you customize the perfect pair. An answer to all your questions is at your fingertips, and if you want to chat with an expert, contact us. We’ll put you in touch with one of our friendly in-house opticians who can help you build your prescription glasses or sunglasses.
Ditch risky online shopping with the See Better Guarantee™. Try your eyewear for 45 days. If you’re not satisfied, send them back. Get a full refund, exchange, or credit towards a better pair. And return shipping? Covered. Get your pair of prescription glasses or sunglasses at SportRx today!
Disclaimer: This content is provided solely for informational purposes. It is not intended as and does not constitute legal advice. The information contained herein should not be relied upon or used as a substitute for consultation with legal, accounting, tax and/or other professional advisers.
