Modifications to a home to enhance accessibility may well be more affordable than you think. All Access works with our customers to offer the best possible price and financing on our fine line of products, installation, and remodeling.
Here are a few things to know about keeping costs in line:
- Home accessibility solutions may qualify for a tax credit. Improvements for made for the sake of accessibility often qualify for a deduction. The federal government and many states offer tax incentives in such cases. Note that we at All Access not tax experts, so please check with your tax professional.
- Accessibility modifications to your home are an eligible medical deduction on federal income tax under “Medical and Dental Expenses.” You may deduct only the amount of eligible medical and dental expenses that is more than 7.5 percent of your adjusted gross income. As part of those medical expenses, you may include amounts paid for special equipment installed in a home, or for other modifications if their main purpose was medical care for you, your spouse, or a dependent.
Contact us now for a consultation. We can help you modify your home and make it more accessible, whether the need is immediate or as you age in place. And your tax professional can also help. Here’s to you living your best life, now and in the future!