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Are Home Improvements Tax-Deductible?

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Are home improvements tax-deductible? If so, what home improvements are tax-deductible? These are important questions to ask yourself if you’ve renovated your home in the past year, or if you’re planning to. Let’s dive in a little deeper. Is Your Home Improvement Project Tax-Deductible? Several types of home improvement projects can be eligible for a tax write-off, but it ultimately comes down to what kind of remodel you’re completing and whether it’s classified as a repair or an improvement. Repairs vs. Home Improvements A repair is any modification that restores a home to its original state and/or value, according to…

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