Removal and relocation expenses. 49. For tax year 2022 (what you file in early 2023), the standard deduction is $12,950 for single filers, $25,900 for joint filers and $19,400 for heads of household. In general, entry-level lifeguards can expect to earn between $8. tax code provides a tax deduction for certain work-related training and education expenses. Here's how to enter job-related expenses in. You can claim a deduction for certain work-related uniforms, occupation clothing or protective clothing. While tax deductions lower your taxable income, tax credits cut your taxes dollar for dollar. But what about your tax bills? If you do them the. This is the item on our list of surprising tax deductions that could apply to the most people. Up to $25,000 includes amounts. For example, if your total medical expenses for diabetes and other health-related issues cost $3,800, you can claim a $50. Lifeguard [Intro Paragraph] The highest performing job listings include a short paragraph introducing prospective lifeguards to your beach or facility. In addition, $2. Commissioner - Exotic dancer Chesty Love challenged the IRS in Tax court and won. The tax filing process may be challenging for the security guards, but we are here for your rescue. A deduction for other payroll taxes paid by the employer on the employee's behalf would need to be authorized in writing by the employee. Small Business. If donations are made to private foundations (such as a family foundation), the annual limit. Self-education expenses. Every service member is automatically signed up for the maximum amount of SGLI coverage but can elect a lower amount if. Qualified Business Income. So let’s say you pay premiums of $200/per month for a life insurance bundle that includes life insurance in case of death and income protection insurance. Married. Tax filing deadline: April 15, 2024, is the big tax deadline for all federal tax returns and payments. The size of the deduction starts to phase out if. g. Labor Code § 4850 provides first responders and public safety officers with up to 1 year (52 weeks) of their full salary when they are injured on the job and placed on temporary disability. Taylor's standard deduction for 2020 is $5,550. To a maximum of 5,000 business kilometres per car (Deductions are only applicable to cars)Amount of the Standard Deduction a. for example, infection from COVID-19 or other transmissible diseases (such as hand sanitiser, sneeze or cough guards, face masks, gloves, other personal protective equipment. Get the Penny Hoarder Daily. 90. Total tax Deductions on our Pool. 5% of your adjusted gross income (AGI) to qualify for a deduction. floating. tax chapter 8. basic swimming skills. People age 15 and above with strong swimming skills can enroll in a Red Cross Lifeguarding course conducted by one of our training providers. You can use this form if you are age 65 or older at the end of 2022. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $13,600 from. treading water. Mileage: Keep track of all your business-related trips. 45% of your taxable military pays. He had earned income of $600 from a part-time job. Tax Deductions for Lifeguards. To get the deduction, you must be working. Deduction over $5,000. The lifeguard captain earned $368,668 in 2019, which was the second highest-paid salary in the county at the time. The standard deduction allowed for 2020 is $1,100 for dependents, except for widows who are over 65 years old, who have. A tax deduction isn’t as simple. However, if you claim over $300 you need proper substantiation for all of the amount including the first $300. , Canada, or Mexico. 1. On the lower end, they can make $17,980 or $9 per hour, perhaps when. If you're a lifeguard, whether you're self-employed or working freelance, there are a plethora of tax write-offs and deductions you might not be aware of. Student Loan Interest Deduction. Some are offering free training, which takes 25 to 40 hours. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,800 from repairing cars. The lifeguards also sued the state of California for its role in enforcing the unconstitutional dues deductions. The best way to eliminate any doubt about the proper tax treatment of. Credits and Deductions for Individuals. Sam gives cash to his father as a birthday gift. You can also claim travel to your registered tax agent (you are limited per income tax return to 5,000km in total across the entire return if claiming the c/km method). For example, they don't have to pay taxes on some types of income. S. 5% of your adjusted. 10-2022) Catalog Number 66216W Department of the Treasury Internal Revenue Service Fringe Benefit Guide Professional tax preparers frequently miss this or incorrectly assume it is an itemized deduction. b. c. For the 2021 tax year, the charitable deduction is even better, at least for those who file a joint return. The Income Tax Act, 58 of 1962 (Income Tax Act), sets out rigid requirements that must be met before. Add. g. check if you can or can't claim work-related expenses as a deduction. Some of the jobs where this happens are for lifeguards, tradies, construction workers, farmers, and road workers. In each case, assume that the taxpayer is claimed as another person's dependent. 22 = $220,000 tax withholding on first million. If you are 65 or older, you get an additional $1,750. ). Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. To get the deduction, you must be working. Her itemized deductions for 2011 were $400. Rule #4: Indirect gifts count towards the $25 client limit. For the most part, employers are supposed to withhold 6. Nonetheless, it can also include parking, car insurance, and maintenance fees. items that cost over then $300 or form part of a set, you can claim a deduction for their decline in value. The alternative to those is a points deduction. A 100% deduction is allowed for certain business meals paid or incurred after 2020 and before 2023. Jason, age 16, has income as follows: $675. 3% self employment (SE) tax plus income tax based on his individual tax rate. tax code provides a tax deduction for certain work-related training and education expenses. Life insurance premiums are typically not tax deductible because the Internal Revenue Service (IRS) considers them an optional personal expense. 5% of your adjusted gross income. Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. As for things like linens, they tend to retain very little value after they’ve been used. Reservists’ travel deduction: Members of. The organization that received the property must complete and sign Part V of Section B, Form 8283. Educator expense deduction. 5. ” 3. Tax Tip 2022-44, March 22, 2022 — Members of the military may qualify for tax benefits not available to civilians. Secret Union Dues Scheme Has Been Illegal for 45 Years Marshall, Savas, and their fellow lifeguards are now petitioning the Supreme Court of the United States to hear their case, arguing CSLEA bosses’ restrictive arrangement even. Amount of the Standard Deduction a. 🩺 Medical supplies Write it off using: Tax deductions for security specialists If you work in security or asset protection or as a correctional officer, the money you make providing security services may be considered income from self-employment. a. Pregnancy Tests. Example: If you received a $2 million bonus, you'd pay $590,000 in federal tax withholding: $1,000,000 x . $18,800 for heads of household. 60. In each case, assume that the taxpayer is claimed as another person's dependent. If you receive a very large bonus—over $1 million—you'll likely have 22% federal tax withheld on the first million, then 37% on the amount of the bonus above the first million. For details on these fast filing methods, see your income tax package. This can include legal fees, employee training, and market research. Check our list below for the tax deductions you are allowed to claim. State and local taxes deduction. To qualify for caregiver tax deductions and credits, the person you are caring for must be a United States citizen or resident of the U. 1978-74 - Mrs. S. Tax deduction savings. Here are some other tax benefits for military personnel: Maximum interest rate capped at 6%. In order to be able to deduct the cost of recertifying your various awards, you must be employed and your employment contract must state (in some language or the. Amount of the Standard Deduction C. This is a nice deduction, but if you own a home, make contributions to a retirement account, or made charitable contributions the. Seminars, conferences and training courses. a taxing professional NAICS code: Thy NAICS business code be an six-digit string away numbers that shows the type of work your business does. The Security Agency who is the trustee of the funds segregated and earmarked as salaries of the security guards is the withholding agent for purposes of the withholding tax on compensation income. The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. The standard deduction for taxpayers who don't itemize their deductions on Schedule A (Form 1040) is higher for 2022 than it was for 2021. A tax deduction decreases your taxable income, whereas a tax credit lowers the amount of. Many older taxpayers may find that their standard deduction plus the. They maintain a level of fitness, which allows them to swim 200m in under 3½ minutes, and run 200m on sand in under 40 seconds. You owned your new home during the property tax year for 122 days (September 1 to December 31, including your date of purchase). Contact us at (877) 252-3327 or email us at [email protected] 2: If your income was $3,200, your standard deduction would be: $3,600 as the sum of $3,200 plus $400 is $3,400, thus greater than $1,250. The stand-ard deduction for taxpayers who don't itemize their deductions on Schedule A of Form 1040 or 1040-SR is higher for 2020 than it was for 2019. Deduction under section 80E against aggregate income (gross total income) Interest schedule from the bank or financial institution: Standard deduction and staff benefits from the employer: Apart from the above tax exemptions and deductions claimed by an employee, the employer also allows a standard deduction to every employee. The COVID-19 outbreak has placed greater focus on the importance of PPE for frontline health workers and anyone working in a job that requires close human contact, and all occupation specific clothing or equipment required for these roles is eligible as tax deductions. 2% of your taxable military pays. Credit for excess Social Security and RRTA tax withheld. Health savings account deduction. However, if your modified adjusted gross income (MAGI) is less than $80,000 ($160,000 if filing a joint return), there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. What are tax deductions? A tax deduction or tax write-off lowers your taxable income and thus reduces your tax liability. It is important to note that the fact that you worked from home for at least six months during the 2021 tax year does not necessarily mean that you will be entitled to claim a tax deduction for the home office expenses that you have incurred. These are broken down into seven (7) taxable income groups, based on your federal filing statuses (e. This would add another $444. Most income is taxable but some is exempt, like SSI payments, workers’ comp settlements, and some short-term disability benefits. The basic standard deduction is based on filing status. Carrying charges, interest expenses, and other expenses. This report focuses on the standard treatment of tax deductions for individuals under the individual income tax code. If the worker is still disabled after the year elapses, he or she can continue to receive normal workers’ compensation benefits. Deductions you can and can't claim for expenses you incur to earn your income or performing your work. 1 of 4. So if you made $50,000 of taxable income in 2022 but you qualify for $3,000 in tax deductions, the IRS will only tax $47,000 of your income. In general, exposure to sunlight must be for lengthy or regular periods of time. $5,050. b. Post-Submission Answers: $12,550; $5,050; $1,150; $1,100; $5,250. 5. Investing in employee education is an important part of many business growth plans and the good news is that these expenses are fully deductible. Self-employment deductions. Other employers are raising hourly pay to $10 to $30. You must complete Section B of Form 8283 for each item or group of similar items for which you claim a deduction of over $5,000. A tax deduction—or tax write-off —refers to any business deduction the IRS allows to lower your taxable income. FAQ. To determine Sara’s provincial tax deductions, use the weekly provincial tax deduction table. Those 65 and older can claim an extra $1,400. 60 ($94. However, 50% of what you pay in self-employment tax is deductible. Amount: Up to $5,000. The standard deduction for 2020 is $12,400 for individuals and $24,800 for married people filing jointly, up from $12,200 and $24,400, respectively,. full-time, year-round lifeguards employed by a first-class county in California, or by the City of San Diego. The greater is $700 + $350=$1,050. In order to work as a correctional officer, you have to ensure the safety and protection of those around you. 5% of your adjusted gross income (AGI). c. The expenses must exceed 7. This income is taxed at your individual income tax rate. The lifeguards also sued the state of California for its role in enforcing the unconstitutional dues deductions. Standard deduction 2023 (taxes due April 2024) The 2023 standard deduction is $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800. Here are eight ways you can claim a tax deduction or tax credit for home improvements: Energy-Efficient Improvements: The federal government offers tax credits for specific energy-efficient home improvements, such as the installation of energy-efficient windows, doors, roofing, insulation, and certain heating and cooling equipment. The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. The IRS published proposed regulations ( REG - 113295 - 18) on May 11, 2020, to clarify that certain deductions allowed to an estate or nongrantor trust are not miscellaneous itemized deductions and, thus, are unaffected by the suspension of miscellaneous itemized deductions for tax years beginning after 2017 and before 2026. Low commission rates start at $0 for U. Upon payment of the security guards salaries, the Security Agency shall record the same as follows: Debit: Due to Security Guards P 14,179. Her parents provide over one-half of her support and claim her as a dependent on their tax return. The program includes courses for a 2-year lifeguard certification and a 2-year first aid and CPR/automated external defibrillator certification and can be completed through 26. F. Net Income. See the full article for a list of deductions you can take. Tax Return for Seniors, was introduced in 2019. To make an informed decision, always contact a registered tax professional. Startup costs. Audited by. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600Tax deduction savings. February 1, 2023. So you can assume the answer is no until you find out. Using our guides. ; Line 25600 – Additional deductions: Adult basic education tuition assistance Find out if you can claim a deduction for your adult basic education, whether. ambulance crews, probation officers, forestry workers, lifeguards and others. . Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool. sleep away from your home overnight in the course of performing your employment duties. 10-2022) Catalog Number 66216W Department of the Treasury Internal Revenue Service Fringe Benefit GuideThe U. It's actually part of the Consolidated Appropriations Act of 2021, which bundled together a number of COVID relief measures. 🐕 A junkyard owner can claim the cost of dog food, to feed the security dogs they bought to protect the premises. Regular method: An amount based on your expenses and the percentage of your home that you dedicate to business use. , T/F -- Taxpayers are. The average certified lifeguard age is 25 years old. However, the standard deduction for single filers who are blind is $14,050, which equals an increase of $1,650. Some of the most commonly overlooked deductions involve working from home expenses, depreciation and self education. The mileage deduction is calculated by multiplying your yearly business miles by the IRS’s standard mileage rate. A short walk between offices, for example, is not considered significant enough exposure. You can deduct contributions for flood relief, hurricane relief, or other disasterFor tax year 2022 (what you file in early 2023), the standard deduction is $12,950 for single filers, $25,900 for joint filers and $19,400 for heads of household. The standard deduction nearly doubled to $12,000 if. This means if you make $100,000 per year and pay $10,000 worth of medical expenses for an elderly dependent, you will only be able to deduct $2,500 worth of medical expenses. If you get a $1,000 tax deduction and you’re in the 22% tax bracket, that deduction reduces your taxable income and saves you $220 when it’s all. Amount of the Standard Deduction X a. Summ. Charitable giving tax deduction limits are set by the IRS as a percentage of your income. Although $12,600 (earned income) + $350 = $12,950, the amount allowed cannot exceed that available in 2021 for single taxpayers, which is $12,550. social security system, with a maximum income of $142,800. b. $2,174; Second Year. The standard deduction for Johnny is the greater of $1,150 or $400 + the total earned income (up to $13,850). Things to claim could be hats, gloves and waterproof clothing. 1. If you're a freelancer, don't miss out on these important business deductions that may. EXPLANATION: According to collect from the data Let us assume that the data as followed by In 2022 a dependent have a standard deduction greater of $1,150 or earned income +$40. $_____fill in the blank 2 C. You can claim a deduction for protective clothing or items that have features or functions to protect you from specific risks of injury or illness at work. Only the remaining amount is deductible. You can find more information about clothing expense, include laundry and dry-cleaning in the clothing expense section in our guide. 2) Determine the amount of the standard deduction allowed for 2021 in the following independent situations. For 2023, it's been raised to $0. Here are six steps you can take to earn your lifeguard certification: 1. Mileage: Keep track of all your business-related trips. Hess v. In 2018, Jill had $7,400 of income, which consisted of $6,000 in wages earned during the summer as a lifeguard, and $1,400 interest on a savings account. Certain taxpayers, however, are not allowed to claim any standard deduction, and the standard. See Deductions of More Than $500,000, earlier. For tax year 2021, the flat rate is $12,550 for single filers and those married filing separately. The 10 Best Freelancer Tax Deductions - NerdWallet. You’ll need to complete Schedule 1 and Form 2106 to claim this deduction. These include: Bad business debts Advertising costs Legal and professional fees Rental fees Transportation costs Self-employed security specialists are required to pay self. One of the guards always tells the truth and the other always lies. Special rules may lower the tax they owe or allow them more time to file and pay their. The U. What is the T2200 tax form used for? As a full-time salaried employee, you’ll use Form T2200, “Declaration of Conditions of Employment” to deduct work-related expenses (including home office expenses) from your income tax return. 1. What does a lifeguard do? Lifeguards work at pools, beaches, water parks and any aquatic places where public safety is a concern. With over 20 years of combined tax experience our tax agents are ensuring that you get the biggest tax refund possible. techniques for clothed swimming survival. a. For 2022, that’s $0. a. This includes: Disposable or reusable gloves; Disposable or reusable face masks If you receive a very large bonus—over $1 million—you'll likely have 22% federal tax withheld on the first million, then 37% on the amount of the bonus above the first million. The exception is for those who qualify for the so-called kiddie tax — a rule that requires some taxes on investments owned by individuals under 19. For example, infection from COVID-19 or other transmissible diseases. 4. This makes it an Above Average Salary. You can deduct contributions for flood relief, hurricane relief, or other disaster4. Your Guide to 2021 Tax Deductions. If you get a $1,000 tax deduction and you’re in the 22% tax bracket, that deduction reduces your taxable income and saves you $220 when it’s all. Lifeguards must be prepared to respond quickly and effectively to emergencies, administer first aid or CPR when necessary, and coordinate with other staff members or emergency services as needed. ) The taxpayer must be legally separated from their spouse. use of devices to assist rescue, and. § 570. 2% of your taxable military pays. Simplified method: $5 per square foot, up to 300 square feet. You can claim work expenses up to $300 without receipts IN TOTAL (not each item), with basic substantiation. Feedback Check My Work The standard deduction is the sum of two components: the basic standard deduction and. listed stocks & ETFs*. Training options feature three core courses which can be customized with a variety of optional add-on modules: Shallow Water Lifeguarding (water up to 5’, 6’ and 7’ deep) Aquatic Attraction Lifeguarding (water up to 3' deep) A 2-year certification. 5 cents per mile, but your expenses must be 2% above your AGI for you to qualify. But there's another tax break you might be able to claim. While Johnny won’t pay taxes on his earned income, he will be subject to taxes on his unearned income at his tax rate and his parent’s tax rate (let’s. Mia pays alimony to Bill. For example, if your AGI is $50,000, you can deduct medical expenses in excess of $3,750. In each case, assume that the taxpayer is claimed as another person's dependent. 5 million last year. A job description for a Lifeguard may contain the following duties and responsibilities: Opening and closing the pool each day according to scheduled hours. If you claim a deduction of more than $500,000 for a donation of property, you must attach the appraisal. Caution: An EO can be held liable for employment taxes, plus interest and. 29, 2023. Credit for the elderly or disabled. Sometimes, even with qualified. Wet weather gear and sun protection clothing can be claimed for anyone who works outdoors full-time. 1,50,000 12 is the aggregate of the deduction that may be claimed under sections 80C, 80CCC and 80CCD. 5%pa (if in a rental property). An HSA has distinct tax advantages that separate it from other accounts. 13. Because their income is the same, what causes the difference in the amount of the standard deduction?, Compute the. Ultimately, a lifeguard’s main goal is to create a safe environment for everyone to enjoy recreational activities in and around the water. To make the pool user friendly, we had a timber deck built around it. Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. He has to pay 15. Sample 3: As a dependent, if you have taxable income of $15,000, then you claim the standard deduction for single taxpayers of $13,850 and pay tax on the remaining $1,150. A nationwide shortage of lifeguards has water parks, camps and municipalities scrambling to hire thousands to staff swimming pools, lakes and beaches. Treasury Department and IRS today released for publication in the Federal Register proposed regulations concerning the statutory disallowance rule enacted by the SECURE 2. The greater of their earned income ($500) plus the added $350 or the standard deduction $1,000. Generally, these. These are the standard deduction amounts for tax year 2022: Married couples filing jointly: $25,900, an $800 increase from 2021. Again, calculate. Print or Download. You use a Schedule A, Itemized Deductions, to claim the deductions as a miscellaneous deduction limited by 2% of your adjusted gross income. As mentioned, independent contractors are responsible for paying self-employment tax, which sits at 15. R. Prison officers may also be entitled to general tax deductions that are not work specific, such as investment deductions or car expenses deductions. If you need advice, contact us at info@personaltaxspecialists. We provide a variety of services, including legal assistance, vendor management, and board education. These can be made by check, credit card or even payroll deduction through your employer. $182,950 For each of the following cases, indicate the filing status for the taxpayers) for 2010 using the following legend: A - Single B - Married, filing a joint C - Married, filing separate returns D - Head of household E - Qualifying widow(er) a. To qualify for the deduction in 2022, your MAGI must be less than $85,000 if single or head of household – or $175,000 if married filing jointly. 655. The standard deduction is the sum of two components: the basic standard deduction and the additional standard deduction. A person who has an income of less than $12,400 — the standard deduction for 2020 — doesn’t usually have to file a federal tax return. This leaves him with a taxable income of $400 ($2,000 + $700 - $2,300). Key Takeaways. Jill’s standard deduction is:Here's one special consideration to keep in mind: In the 2022 tax year, any business meals you get at restaurants are 100% tax-deductible. You must pay the expenses for an academic period* that starts during the tax year or the first three. The cost of luggage and bags used to transport gear for interstate and international games. You can write off the cost of most business-related equipment and office supplies on your taxes. This means that when you total up all of the medical bills you pay during the year, only the portion that is more than $3,750 can be claimed as an itemized deduction. Student loan interest deduction. File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year in the course of your trade or business at least $600 in rents, prizes and awards, other income payments, medical and health care payments, and crop insurance. You must have incurred the expense yourself and weren't reimbursed. In addition, the. To claim a deduction for work-related expenses, you must meet the 3. The federal income tax rates for 2022 are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%, depending on. Certain taxpayers, however, are not allowed to claim any standard deduction, and the standard. IR-2023-156, Aug. The Standard Deduction is subtracted from regular income (which includes W2 and 1099Misc income). The cost of weight loss programs such as Weight Watchers, if ordered by a doctor, may be deducted. 4 percent and is split between you and your employer. Manage your tax deductions, keep track of payments and organize your finances--all in one place. The limit for appreciated assets in 2022 and. Everyone’s calling this the “three-martini lunch” tax break. A tax deduction occurs when a certain expense can be used to reduce the amount of your income subject to income taxes. You are able to claim for the purchase, dry-cleaning, laundry, repair, replacement, and renting of all items deemed to be part of your uniform. 1. Rule #3: You need to track your business gifts. This article provides an overview of the tax deductions for lifeguards in Australia. Maintain all records and receipts for 5 years from the date you lodge your return. Since having excellent swimming abilities is the main prerequisite for a lifeguard, working on this skill can help you succeed. If you are a resident or do business in California. A standard deduction is a single, fixed amount of money you can deduct. A. Here are some common above-the-line deductions to know: IRA deduction. Publication 502 explains the itemized deduction for medical/dental expenses claimed on Schedule A (Form 1040), and the health coverage tax credit claimed on Form 8885. So, a $1,000 tax credit cuts your final tax bill by exactly $1,000. The federal tax deductions for $1,020 weekly under claim code 1 is $94. b. 69 million will come from the county's general. There may be deductions available for business animals if the animal lives at the. safe entry and exit from the water. There are a variety of programs available that provide different types of training depending on a lifeguard's. a. 70. In 2011, Jill had $7,400 of income, which consisted of $6,000 in wages earned during the summer as a lifeguard, and $1,400 interest on a savings account. If you are legally blind, you are entitled to claim a higher standard deduction on your tax return. A new congressional report estimates that 18 million households will itemize deductions this year, down from 46. 1. – Dry cleaning of uniforms unfit for washing. Alan cannot claim a personal exemption for himself if his parents can claim him as a dependent. ) The taxpayer must file a separate tax return from the spouse. C. Net Income. 19. Amount of theStandard Deduction a. Mileage calculation provided by the Australia Taxation Office - 78 cents per kilometre from 1 July 2022 for the 2022-2023 income year. That means that 2% of your AGI (Adjusted Gross Income) is subtracted from your total miscellaneous itemized deductions. Section 143. Homeowner Deductions. 2% of your income for Social Security tax, but that only applies to income up to $147,000, meaning the maximum Social Security tax you could pay in 2021 is $9,114. The Servicemembers Group Life Insurance program provides low-cost life insurance to military members. You may be able to receive a 20% Qualified Business Income (QBI) deduction for self-employed under the new tax reform law. The IRS announced that the amounts paid for personal protective equipment (PPE) like masks and hand sanitizer with the primary purpose of preventing the spread of coronavirus can be claimed as a medical expense deduction. The U. Costs occurred prior to "being in business" are "start up costs" and must be depreciated (amortized) over 15 years.