$17.95 
Learn more
Submitted By: Michael
Answered: February 12, 2016 12:11 pm
Answered: February 12, 2016 12:11 pm
I had a lift installed in my van because my wife is unable to walk on her own and I need to get her wheelchair in and out. Can I deduct the cost?
The cost of adaptive equipment for a medical condition is a deductible expense. However, you must itemize and your total medical costs must exceed your applicable threshold (10% of adjusted gross income, or 7.5% of adjusted gross income if you or your spouse is at least 65 years old by the end of the year).
advertisement
Featured Books
Tax Glossary
Itemized deductions
Items, such as interest, state and local income and sales taxes, charitable contributions, and medical deductions, claimed on Schedule A of Form 1040. Itemized deductions are subtracted from adjusted gross income to arrive at taxable income. The amount of itemized deductions is also subject to a reduction when adjusted gross income exceeds certain limits.
