Can I deduct any of the expenses incurred from adding an addition to our home to accomodate an elderly patent?

Forum|Forum|7 years ago
June 1, 2019
4 replies
0 views

We reinsulated the entire home, used energy efficient windows, Star Energy systems.

TurboTax Deluxe Online

Best answer by view2

Any amounts spent for these improvements that increase the value of your home cannot be claimed as a medical related expense.

Improvements to a home that does not increase the home’s value, if the main purpose is medical care. An example is constructing an entrance or exit ramps, remodeling a bathroom to accommodate a disability.

Internal Revenue Service Publication 502 provides that you can include as medical expenses amounts you pay for special equipment installed in a home, or for improvements, if the main purpose is medical care for you, your spouse or your dependent.

Capital Expenses

https://www.irs.gov/publications/p502/ar02.html#en_US_2016_publink1000178902

First-time claimers of the Residential Energy Efficiency Tax Credit can get as much as $500 back for qualifying installations in 2016.

https://energy.gov/energysaver/articles/these-13-home-energy-tax-credits-expire-2016

C

chriswagn6Author

Employee

She was diagnosed with alzheimers and came to live with us. The addition was designed around her unfortunately she passed away before it was finished.

S

SweetieJean

Employee

Is the parent disabled?

C

chriswagn6Author

Employee

The entire addition inside and out was designed to be handicap accessible with her in mind.

V

view2Answer

Employee

Any amounts spent for these improvements that increase the value of your home cannot be claimed as a medical related expense.

Improvements to a home that does not increase the home’s value, if the main purpose is medical care. An example is constructing an entrance or exit ramps, remodeling a bathroom to accommodate a disability.

Internal Revenue Service Publication 502 provides that you can include as medical expenses amounts you pay for special equipment installed in a home, or for improvements, if the main purpose is medical care for you, your spouse or your dependent.

Capital Expenses

https://www.irs.gov/publications/p502/ar02.html#en_US_2016_publink1000178902

First-time claimers of the Residential Energy Efficiency Tax Credit can get as much as $500 back for qualifying installations in 2016.

https://energy.gov/energysaver/articles/these-13-home-energy-tax-credits-expire-2016