Body Armor Tax Deductible

If you purchased body armor [or other personally procured protection equipment] for combat duty, the entire cost (including shipping) is tax deductible. You or your spouse must have purchased it; if other friends or relatives purchased it, there's no deduction.

To deduct the armor, you must itemize your deductions. The deduction goes as an itemized deduction on Schedule A, which attaches to your Federal Form 1040. Only the amount of the cost which is more than 2 percent of your Adjusted Gross Income (in most cases, this is yours "and, if married, your spouses" combined salaries and wages).

For example, suppose you spend $2,000 for body armor, and you are single with service wages of $30,000. Your deduction is $2,000 minus $600 (or 2 percent of $30,000) or $1,400.

Besides body armor, anything else you purchase which helps you perform your service job better is tax deductible. This includes any equipment, or articles of clothing which would not be suitable for general civilian wear.

Visit the IRS website to learn more about deducting "Employee Business Expenses."

Connect
Get the

Money Matters

Sign-up
Newsletter

Taxes

Spouse

  • tax collage 380x253

    Military spouses in states that collect state income taxes may be able to pocket a little more of their paycheck under an amendment that allows spouses to retain their legal residency in their home...  more

  • mother child play 380

    If you paid someone to care for your child, spouse, or dependent last year, you may qualify for tax credit.

  • calculator money 380x253

    There's good news for military families who plan to have children or currently raising them. There are a number of tax benefits available to those who claim a dependent child on their income tax re...  more

  • money counter 428x285

    As a military spouse tax time can be a bit stressful to say the least -- here's answers to some of the most common questions.

Vets

Servicemembers

© 2014 Military Advantage
A Monster Company.