Updating your house is exciting news. Home improvement is generally not tax deductible, although there are some exceptions.
Most general home improvements are not tax-deductible. However, specific renovations can be written off. A few tax-deductible renovations include:
Installing solar panels or other green renovations.
Home improvements are related to medical care, like making the home wheelchair-accessible.
Improvements which are specifically for a home office.
Improvements to increase your home’s resale value.
That said, before you decide to deduct anything from your taxes, you’ll want to meet with a tax professional. They can give you a better idea of what you can and can’t deduct from your home improvement project.
While you’re improving your home, you should also consider improving your
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