Mason,age 70,a physically handicapped individual,pays $10,000 in 2014 for the installation of wheelchair ramps,support bars,and railings in his personal residence.These improvements increase the value of his personal residence by $2,000.Only $8,000 of the expenditure qualifies as a medical deduction (subject to the AGI floor).

Question

Quizplus · Accepted Answer

The full $10,000 is included as a medical expense under a special rule applicable to physically handicapped persons.The deduction is subject to the 7.5% floor in 2014.The 7.5% floor applies (rather than the 10% floor)because Mason is over 65 years of age.

Mason,age 70,a Physically Handicapped Individual,pays $10,000 in 2014 for the Installation