• Skip to main content
  • Skip to footer

Pro Tax Resolution

We Solve Tax Problems!

  • Home
  • Tax Services
    • Tax Resolution Services
    • IRS Back Taxes
    • Business Tax Problems
    • IRS Audits
    • Tax Attorneys
    • IRS Tax Settlement
    • IRS Tax Penalties
    • Tax Relief for Truckers
    • Stop Wage Garnishments
    • Offers in Compromise
    • Innocent Spouse Relief
  • Contact Us

/ June 13, 2018

Your Medical Home Improvements Might Be Tax Deductible!

Medical care is expensive. A big part of that care that we don’t always think about are the adjustments you make to your home to accommodate a medical need or condition. The good news is, if you make home improvements that are directly related to a medical condition for yourself or a member of your household, you may be able to deduct this expense on your taxes!

What Qualifies for a Deduction?

A home improvement must be medically necessary in order to qualify as tax deductible. This includes such adjustments as making your home wheelchair-friendly or adapting it for use by someone with a disability. Some examples include:

  • Installing entrance or exit ramps
  • Widening doorways and hallways
  • Moving light switches and outlets
  • Relocating cabinets and appliances
  • Installing handrails and grab bars

Any medical home improvement you want to deduct also needs to be made for someone who is a permanent household member. So, while the ramp that you install for Aunt Edna to use when she visits once a year on Thanksgiving is wonderful, you can’t deduct it on your taxes.

Account for Your Property Value, Too

Before you deduct any medically necessary home improvements, you also have to assess how any modifications impact the value of your home. Basically, if a particular home improvement increases the value of your property, then you must subtract the amount of increase from the total amount you claim. The logic is that if you get a boost in home value, it would be double-dipping to also get a tax deduction.

For more information on how to deduct medically necessary home improvements, or for tax deduction questions in general, contact the team at Pro Tax Resolution If you live in the Memphis area, we’re here to help. Call us today!

Filed Under: Uncategorized

Footer

Let’s Be Friends!

  • Facebook
  • Google+
  • Twitter

Business Hours

Mon-Fri8AM-6PM
DailyAppointments

Payment Accepted

Address

Pro Tax Resolution
Memphis, TN 38120

 

Serving Memphis TN; Arlington TN; Cordova TN; Eads TN; Germantown TN; Hernando TN; Marion TN; Millington TN; Southaven TN; Tunica Resorts TN Since 2008
Memphis, TN 38120
Copyright ProspectGenius and Pro Tax Resolution 2021

  • Tax Resolution Services
  • IRS Back Taxes
  • Business Tax Problems
  • IRS Audits
  • Tax Attorneys
  • IRS Tax Settlement
  • IRS Tax Penalties
  • Tax Relief for Truckers
  • Stop Wage Garnishments
  • Offers in Compromise
  • Innocent Spouse Relief