John Bullis

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September 4, 2012
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John Bullis: Medical deduction for home improvements

The itemized deductions on Schedule A of Form 1040 include medical expenses that are greater than the adjusted gross income threshold.

Most folks who claim itemized deductions have seen the threshold (amount that is not deductible) is 7.5 percent of adjusted gross income (first page of form 1040, bottom line).

The questions usually are just what is defined to be "medical expenses"?

If you do doctor-prescribed home improvements, such as an elevator and other modifications to allow wheelchair access, part of the cost probably qualifies as a medical expense.

For example, if the improvements cost $20,000 and a qualified real …

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The Nevada Appeal Updated Sep 4, 2012 12:15AM Published Sep 4, 2012 12:08AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.