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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).
Payments to an Individual Housing Account. You may be able to deduct from your gross income up to $5,000 paid in cash during the taxable year into a trust account which is established for saving for a down payment on your first principal residence.A deduction not to exceed $10,000 shall be allowed for a married couple filing a joint return.ayments to an Individual Housing Account. You may be able to deduct from your gross income up to $5,000 paid in cash during the taxable year into a trust account which is established for saving for a down payment on your first principal residence.