Gerald, a physically handicapped individual, pays $9,000 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 $7,000 of the expenditure qualifies as a medical deduction (subject to the 7.5% floor).

Question

Quizplus · Accepted Answer

The cost of home improvements that increase the value of the property are not deductible as medical expenses. Therefore, only the $7,000 that qualifies as necessary medical expenses (such as the wheelchair ramps) can be deducted subject to the 7.5% floor.

Gerald, a Physically Handicapped Individual, Pays $9,000 for the Installation