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Deductions & credits
@Kapolei wrote:
Thank you!
When/how can we deduct moving costs for health reasons?
Reason for the Q: are elderly, in our 70's.
Wife has cancer and has big health problems.
We sold home and moved to a 'better climate'.
Can we deduct any moving costs?
You can't deduct (as a medical expense) any expenses related to moving, even for medical reasons.
You may be able to deduct certain expenses if you pay to modify your home for medical reasons, such as a transfer chairs, stair lifts, and grab bars. In that case, you deduct the part of the cost that does not increase the value of your home. (The IRS recognizes that many home improvements for medical reasons don't actually add to the value of the home.)
‎June 29, 2020
2:00 PM