[ACCESSWIRE]
LOS ANGELES, CA / ACCESSWIRE / April 22, 2015 / ExposingHearingAids.org has revealed that while one in eight Americans has hearing loss and usually wear hearing aids, may not be aware of their rights in terms of tax deductions that are permitted by the IRS. Hearing aids are expensive medical devices and many across America who could be taking advantage of the allowed tax deductions for such medical expenses as hearing aids, hearing aid repairs, hearing aid batteries and the corresponding maintenance costs, are not claiming them simply because they don't know about this. Thus, those who have these medical expenses may want to research all deductions available at the moment for those who are hearing impaired or hard of hearing.
Another possible reason that some people are not claiming these tax deductions is that medical expenses must total more than 10% of gross income when adjusted, although there are some exceptions to this rule. In some cases, repairs, batteries, and other additional requirements of hearing aid upkeep can be included in the costs. These can all be considered by the IRS along with telephone and television equipment that might be required to supply a normal range of hearing. ExposingHearingAids.org encourages hearing aid users to check this list of qualifying medical expenses to better understand their rights for such deductions.
Those who do so may find that they do will still not meet the 10% rule, even after including other expenses such as medical examinations, prescriptions, insurance premiums and eyeglasses. In such cases, it is advisable to check if they qualify for the exemption rule which provides those in the age bracket of 65 plus to claim expenses of 7.5% or more of an adjusted gross income instead of the 10%. Another possibility is for those who need to use their hearing in the workplace. As such, their medical expenses are considering as business expenses and they can include other things like video conferencing equipment, special telephones, internet connections for video relay, and others. ExposingHearingAids.org explained that:
"If you take a business deduction for these impairment-related work expenses, they are not subject to the 10% limit (or 7.5% if either you or your spouse was born before January 2, 1950) that typically applies to medical expenses."
Due to the fact that one in eight Americans has hearing loss, ExposingHearingAids.org has made it clear that they wish to provide hearing aid users with all of the information they need to make educated decisions in terms of finances and tax time. The team is said to have 70 years of experience through a three-generation family of hearing care providers who operate the Exposing Hearing Aids brand and company. They want to expose the truth of hearing aids, the rights that users have and may not know about, as well as special advantages and benefits that may also go unknown without help from an outside source, and other information that they feel is important to those who have hearing loss and require hearing aids on a regular basis. They encourage feedback and contact, and have suggested that they are happy to support hearing aid users in any way that they can.
For questions or concerns regarding this press release or for more information on ExposingHearingAids.org, please use the following contact information to get in touch:
CONTACT DETAILS:
Company Name: ExposingHearingAids.org
Contact Name: Mike Daniels
Phone Number: 1 (323) 825-5009
E-mail Address: [email protected]
Mailing Address: 5405 Wilshire Blvd, Los Angeles, CA 90036
SOURCE: ExposingHearingAids.org
