Planning for Aging in Place

Many families in Burlingame are adapting their properties to accommodate aging relatives. While general home renovations are not deductible, you can claim a medical expense deduction for medically necessary modifications if the costs exceed the resulting increase in property value.

To qualify, you must itemize deductions, and total medical expenses must surpass 7.5% of your Adjusted Gross Income (AGI). Contact Sullivan & Company CPA Inc. to ensure these deductions align with your broader estate and tax planning strategy.