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Deductions & credits
Short summary: If you are remodeling your bathroom, that is an improvement to your home and increases your home's value, and increases your cost basis, which may reduce the amount of capital gains tax you pay when you sell. The part of the cost that is a deductible medical expense is the amount extra that the improvement costs due to your medical condition (and that part of the cost is not counted in the value of the improvement if you deduct it instead).
‎February 10, 2020
12:26 PM