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How to write off your home improvement costs as medical expenses

by on
in Small Business Tax

Maybe you’re not planning to move anytime soon despite the new homebuyer credit. As long as you’re staying put, you might decide to invest some money into the house. But you generally receive no current tax benefit from home improvements. Strategy: Make home improvements needed for medical reasons. If certain requirements are met, you can deduct a portion of the cost this year.

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