stair lift - medical deduction?

When you say state taxes, do you mean state sales tax? or income tax? or something else? It may be a federal tax deduction as an itemized expense. But you have to be careful in this area if what you are doing increases the value of the house. You should consult your own CPA/tax advisor exactly how this works in your situation. ___________________________________

-----> real address on hobokeni or hobokenx

Yes, to the extent it does not increase the value of the home. Example: Install a $12,000 item required for medical necessity. The value of the home is increased by $3000. Your medical deduction is $9,000.

Yes, minus the increased valued of the home. See IRS Publication 502.

-- Phil Marti Clarksburg, MD

As others have or will point out to you, it's a Schedule A deduction less 7.5% of you AGI.

I'm planning to install railings in my hallways and in my bathrooms because I have a morbid fear of falling (all of my injuries have been due to falls). Some will be done in December to clear out Susan's healthcare spending account. The remainder will be done in January to go against 2008's healthcare spending account.

When we sold a home with a stair lift, the real estate agent said we should remove it before showing the house. We asked if it might not be a positive. The agent said that most people who would need a stair lift would buy a house without stairs.

I wrote earlier that the cost of the chair lift might be reimburseable under an FSA. I read through Susan's Benefits book and did not find that.

Am I correct or incorrect? This is important to me as I am now a "kept man."

Dick