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Yes, you can include in medical expenses amounts you pay for special equipment installed in a home, or for improvements, if their main purpose is medical care for you, your spouse, or your dependent.
If the cost of the improvement does not increase the value of your home, the entire cost of the improvement is entered as your medical expense. (Installing railings, support bars or other modifications to bathrooms generally does not increase the value of your property)
IF the cost of the improvement does increase the value of your home, the difference between your cost of the improvement and increase in the value is included as a medical expense.
To enter Medical expenses in Turbo Tax, please follow the steps below:
To find what other improvements/equipment installations are deductible, and what improvements do not increase the value of the home and can be entered as a full medical expense, see the link below (page 6):
Yes, you can include in medical expenses amounts you pay for special equipment installed in a home, or for improvements, if their main purpose is medical care for you, your spouse, or your dependent.
If the cost of the improvement does not increase the value of your home, the entire cost of the improvement is entered as your medical expense. (Installing railings, support bars or other modifications to bathrooms generally does not increase the value of your property)
IF the cost of the improvement does increase the value of your home, the difference between your cost of the improvement and increase in the value is included as a medical expense.
To enter Medical expenses in Turbo Tax, please follow the steps below:
To find what other improvements/equipment installations are deductible, and what improvements do not increase the value of the home and can be entered as a full medical expense, see the link below (page 6):
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