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2011年8月4日星期四

Are wheel chair ramps are tax deductible?

-We are building a ramp for our home. It is a necessity and we own the home. Is it tax deductible and and how do you claim it as a deduction? Thank you for any help that you able to provideThe problem with medical expenses is that the first 7.5% of AGI doesn't count.



You also have to be able to claim one or both of the individuals as dependents in order to claim this as a medical deduction. See IRS publication 501 for normal dependency rules, but also IRS publication 502 since there is a slightly different definition for medical expenses. Sometimes you can claim the expense even if you can't claim the individual if their income is too high.



If you make $100,000 and spend $5000 building a ramp (and have no other expenses), you won't have anything to deduct as $5000 is less than $7500. If you have more than $7500 of expenses, the excess is part of schedule A as an itemized deduction. If you do not itemize, the expense makes no difference on your taxes.It is a home improvement. First figure how much your home value increases because of it. Whatever it cost you minus the home improvement value is a medical expense if you qualify to itemize.
If you can tie it in to your medical expense or disability, yes
If it is a medical expense maybe
I'm assuming it can be but I'd check to be sure !

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