Question by Stephanie: Can you claim Home Improvement purchases on your income tax??
can you also claim medical expenses? If yes, what is the minimum you had to pay out on each in order to claim them? thank you in advance
in addition to the medical expenses I also want to know if you can also claim the cost of health insurance that you paid in.
Answer by RJ
There is one place to take home improvements. You need to goto irs.gov and read about a tax credit for energy saving home improvements tax credit. If they weren’t to make you home more energy efficient then they is no deduction just addes to the basis you have into your home for figuring gains in the future when you sale your home. As far as the medical it is deductible on a Sch A if you have enough. The first 7.5 % of your adjusted gross income dont count. anything above that amout could possibly be deducted on the Sch a under medical.
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