Yes, The IRS allows individuals to deduct the cost of medical equipment, including wheelchair vans, from their taxes if they qualify for the Durable Medical Equipment (DME) tax deduction. You must have a doctor that prescribed it.
- It will have to be an amended return for 2020.
- You can file the amended return up to April 15th, 2024.
- It would be included as a medical expense.
- Medical deductions are limited. For tax year 2022, the IRS allows a taxpayer to deduct their total qualified unreimbursed medical care expenses that exceed 7.5% of their adjusted gross income if the taxpayer uses IRS Schedule A to itemize their deductions.
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