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Tax Planning for Aging Clients: Medical Expense Deduction for Home Improvements Logo aicpa

  Martin M. Shenkman, CPA/PFS, AEP, J.D. |   Free |   AICPA |   01 Dec 2016 |   Tax Adviser Magazine

As the U.S. population ages, it is becoming more common for homeowners to need to renovate their home to accommodate their disability. This article examines what qualifies for the medical expense deduction, a helpful tax break.

Topics covered:
  • Tax: Technical: Individual income taxation : Deductions, Foundational
  • Personal financial planning: Technical: Elder & special needs planning: Process, taxation & strategies, Foundational