From Diabetes in Control Newsletter:
FACT:
IRS reconsiders blood glucose meters:
Because only 6 percent of taxpayers claim medical expenses on their tax returns, probably due to the fact you can only claim medical expenses that exceed 7.5 percent of their adjusted gross income. But on May 15th the Internal Revenue Service made it a bit easier for those with diabetes to reach the cutoff mark of 7.5%. On a May 15, 2003 ruling, IrRS determined that this limitation will no longer apply to other nonprescription medical care items such as bandages, crutches, and blood sugar checking kits and equipment. This means that blood glucose meters and strips are now an allowable medical expense. So if you claim medical expenses on your taxes, don’t forget to include the money spent on your supplies come next April 15th.