{"id":2865,"date":"2021-03-25T13:50:42","date_gmt":"2021-03-25T17:50:42","guid":{"rendered":"https:\/\/wantalift.com\/?p=2865"},"modified":"2022-03-13T21:56:05","modified_gmt":"2022-03-14T01:56:05","slug":"are-stairlifts-tax-deductible","status":"publish","type":"post","link":"https:\/\/wantalift.com\/are-stairlifts-tax-deductible\/","title":{"rendered":"Are Stairlifts Tax Deductible?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">For those who want to age in place at their home, a stairlift is a safe and affordable way to improve accessibility. A common question that we get asked at ASI is whether or not stairlifts are tax deductible. Since the 2021 tax season is here, we wanted to write a blog to answer this query.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The short answer as to whether stairlifts are tax deductible is \u201cIt depends.\u201d If the stairlift you install in your home is deemed \u201cmedically necessary\u201d by a healthcare provider, then it will be tax deductible. Written documentation is required. Stairlift expenses that can be written off include the costs for installation, operatio<\/span>n, and maintenance.<\/p>\n<p><span style=\"font-weight: 400;\">There are a variety of tax deductible medical expenses. DME (durable medical equipment) is a category that includes medical equipment a doctor prescribes for a disability or illness. Walkers and wheelchairs are two examples. Oftentimes, people assume that stairlifts fall into this category, but unfortunately they do not. Stairlifts are considered a home modification \u201ccapital expense.\u201d In order to deduct a capital expense from your taxes, it must be documented as medically necessary.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2867 alignleft\" src=\"https:\/\/wantalift.com\/wp-content\/uploads\/2021\/03\/retired-couple-300x200-1.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n<p><span style=\"font-weight: 400;\">If you are a stairlift owner with proper documentation from a doctor, your associated expenses should be recorded as an \u201citemized deduction\u201d on your taxes. At ASI, we recommend working closely with a financial professional to ensure that you get the most return on your stairlift investment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For those who want to age in place at their home, a stairlift is a safe and affordable way to improve accessibility. A common question that we get asked at ASI is whether or not stairlifts are tax deductible. Since the 2021 tax season is here, we wanted to write a blog to answer this [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2867,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/posts\/2865"}],"collection":[{"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/comments?post=2865"}],"version-history":[{"count":0,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/posts\/2865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/media\/2867"}],"wp:attachment":[{"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/media?parent=2865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/categories?post=2865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wantalift.com\/wp-json\/wp\/v2\/tags?post=2865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}