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lost*in*cyberspace said: â. No you cannot take a tax deduction because you have allergies and want hardwood floors. You might want to familiarize yourself with IRS Pub 502. For medical expenses which are deductible, you can only deduct those expenses which are 7.5% or more of your annual gross income (AGI).http://www.irs.gov/publications/p502/ar02.html#en_US_publink1000178851. See Capital Expenses. It's best not to rely on your physician for tax advice.ost*in*cyberspace said: â. No you cannot take a tax deduction because you have allergies and want hardwood floors. You might want to familiarize yourself with IRS Pub 502. For medical expenses which are deductible, you can only deduct those expenses which are 7.5% or more of your annual gross income (AGI).
Non-grantor trusts and estates may deduct certain miscellaneous itemized deductions only to the extent they exceed 2%. of adjusted gross income. The stakes are high: If an expense is subject to the 2% floor, the benefit of the deduction will be. reduced or eliminated entirely, resulting in a higher income tax bill. Determining which expenses are subject to the 2%. floor, therefore, is critically important.