Question by JC: Is the cost of building a wheelchair ramp tax deductible if I am renting the home?
My wife and I paid our own money to add a wheelchair ramp to a home that we are renting. I’m quite sure that this cost would be deductible if we owned the home, but I’m not clear about our status with this as renters. Is it spelled out clearly someplace?
Best answer:
Answer by the tax lady
It’s implied.
However, as a medical expense, only the amounts above 7.5% of your AGI can be added to schedule A. If your total for schedule A is less than $ 11,400, you won’t see a reduction in your taxes.
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