topic Re: Allowable deduction in Deductions & credits

Allowable deduction

BOBHHI — Mon, 24 Feb 2020 19:19:30 GMT

I am a handicapped person.In 2019 I purchased a handicap van with a ramp. The cost of the Handicap modifications were $26000 of a total cost of $52000. Is the disability modification cost deductible?

Re: Allowable deduction

KathrynG3 — Mon, 24 Feb 2020 19:47:55 GMT

Yes. The difference for the handicap modifications are deductible as a medical expense, for those amounts exceeding 7.5% of your adjusted gross income.

To further clarify what is deductible and not deductible:

Parking and tolls and medical miles using the standard mileage rate for 2019 of 20 cents are deductible to the extent the transportation is essential to medical care, such as for medically related appointments.
The actual costs of vehicle maintenance and for operating the specially equipped car is not deductible.

Re: Allowable deduction

mljoyce — Mon, 04 Apr 2022 17:45:02 GMT

I'd like to follow up on the handicap van deductibility question. In my case a handicap van with ramp was required for my wife. I was able to secure a used one that already had all necessary modifications. My cost was $25,000 for the modified van. How much of that is/would be deductible?

Re: Allowable deduction

Vanessa A — Mon, 04 Apr 2022 18:01:46 GMT

The amount that is deductible is the premium you paid for the modifications. You would need to find the cost of the same van without modifications, then the difference between the two would be the amount you would be able to take as an itemized medical expense.