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Posted by Bill Brown on June 27, 2007, 10:54 pm
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> Yes, minus the increased valued of the home. See IRS
> Publication 502.
**BEGIN QUOTE**
Certain improvements made to accommodate a home to your
disabled condition, or that of your spouse or your
dependents who live with you, do not usually increase the
value of the home and the cost can be included in full as
medical expenses. These improvements include, but are not
limited to, the following items.
Installing porch lifts and other forms of lifts (but
elevators generally add value to the house).
**END QUOTE**
[Source: IRS Publication 502, Medical and Dental Expenses, p 6]
I believe the OP's full dollar expenditure will be
deductible as a medical expense on Schedule A. Of course,
the OP has to have unreimbursed medical expenses in excess
of 7.5% of adjusted gross income and total itemized
deductions in excess of her standard deduction to get any
tax benefit.
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