Medically Related Home Improvements May Have Tax Benefits

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Article Highlights Aging Population Home Improvements for Medical Care or Treatment Improvements that Increase the Home’s Value Improvements that Do Not Increase the Home’s Value Medical AGI Limitations Hot Tub Deduction…
Congress Allowing Higher Medical Deductions for 2019 and 2020

Congress Allowing Higher Medical Deductions for 2019 and 2020

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement…