• Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
    • Design Ideas
      • Bathroom
      • Bedroom
      • Dining Room
      • Living Room
      • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Building Staircase
  • Categories
    • Home Improvement
    • Decor
    • Gardening
    • Woodworking
    • Lifestyle
    • Green Living
    • Real Estate
Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
    • Design Ideas
      • Bathroom
      • Bedroom
      • Dining Room
      • Living Room
      • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Building Staircase
  • Categories
    • Home Improvement
    • Decor
    • Gardening
    • Woodworking
    • Lifestyle
    • Green Living
    • Real Estate
Featured image - Are Home Improvements Tax-Deductible
You're here: Home Home Improvement Are Home Improvements Tax-Deductible?

Are Home Improvements Tax-Deductible?

  • Perla Irish
  • July 20, 2020
Total
3
Shares
0
0
3
0
0
Table of Contents Show
  1. Are Home Improvements Tax-Deductible?
  2. Tax Deductions are Not the Only Reason to Renovate
  3. Renovations for Home Offices
  4. Accessibility for Physically Disabled Individuals
  5. When it’s Time to Sell
  6. Your Home Deserves an Upgrade

When tax time rolls around, taxpayers are looking for ways to minimize their tax bills. There are many deductions left on the table because people don’t know what they can deduct.

Homeowners may wonder: are home improvements tax-deductible? The answer is not simple. The federal tax codes are clear on what items are tax-deductible. It also outlines which home improvements are eligible for tax credits.

image - Are Home Improvements Tax-Deductible
Are Home Improvements Tax-Deductible

Are you looking for tax information on home improvement ideas? Keep reading to learn more about home improvements and tax deductions.

Are Home Improvements Tax-Deductible?

Home improvement projects are typically not eligible for tax deductions. However, there are circumstances when improvements to the home can become eligible as a deduction. It is important to contact a tax professional to be sure any deductions taken are allowed.


Read Also:

  • Why Tax Deductions Matter: Calculator for Independent Contractors and Freelancers
  • Home Improvement Ideas You Can Take Inspiration from This 2020
  • 7 Easy Home Upgrades That Will Add Value to Your House

Tax Deductions are Not the Only Reason to Renovate

If you have home improvement ideas, do not let tax deductions determine if you will move forward or not.

Major repairs often require home improvement financing. The interest and fees on the loan can be used as a deduction.

Replacing your granite countertops will not qualify for a deduction. The cost of a decomposed granite installation may be eligible if financed. Utilizing a home loan to finance your renovations is covered as long as the home is used to secure the financing.

Renovations for Home Offices

As a business owner, you already know there are many deductions you can take if you have a home office. What you may not know is that expenses incurred to convert a space into an office are deductible.

In most instances, 100% of home office expenses are deductible. Home improvement ideas for a home office can include things as simple as painting the walls. It can also be as extensive as modifications to improve wiring or to modify space size.

Accessibility for Physically Disabled Individuals

Are you renovating your home to accommodate the needs of a physically disabled individual? These expenses will fall under medical deductions.

Oftentimes, out-of-pocket medical expenses do not amount to enough for a significant dent in your tax obligation. However, if you make expensive modifications to your home, those expenses can fall under medical expenses.

Widening entryways, installing a wheelchair ramp, and alterations to counter heights are just a few of the eligible expenses.

When it’s Time to Sell

Although you may not be able to claim a deduction for home improvement ideas to beautify your home, improvements and renovations will increase your home’s resale value.

When you sell your home, there are tax deductions you can benefit from. These include expenses incurred during the process, including realtor fees, title insurance, escrow fees, and the costs incurred for marketing the home.

Your Home Deserves an Upgrade

Answering are home improvements tax-deductible is a complex conversation. You will need to know the tax codes and where to find the best deductions for your situation. If home remodels are in your future, we have the latest home improvement ideas. Check back regularly for trending features.

Total
3
Shares
Share 0
Tweet 0
Pin it 3
Share 0
Share 0
Perla Irish

Perla Irish, who is more familiarly known as Irish, is the Content Manager at Dreamlandsdesign.com. She loves following trends around home and garden, interior design, and digital marketing. Through this blog, Irish wants to share information and help readers solve the problems they are experiencing.

Related Topics
  • ideas
Previous Article
Featured image - 7 Ways Indoor Succulents Elevate Your Interior Design

7 Ways Indoor Succulents Elevate Your Interior Design

  • Perla Irish
  • July 20, 2020
View Post
Next Article
Featured image - How Much Does It Cost to Paint a House on Average

How Much Does It Cost to Paint a House on Average?

  • Perla Irish
  • July 20, 2020
View Post

Subscribe

Subscribe now to our newsletter

You May Also Like
Bright home interior with shiny hardwood floors, furniture sliders under heavy furniture legs, and protective moving tools nearby.
View Post

How to Move Furniture to a New Home Without Damaging the Floor

  • July 16, 2025
A compact, organized home workshop at night, with essential DIY tools and safety gear neatly arranged on a wooden workbench.
View Post

Troubleshooting Common DIY Home Repair Problems

  • July 15, 2025
A man disassembling a P-trap under a sink to remove hair and debris in a modern, minimalist kitchen.
View Post

Plumbing Maintainance: How to Properly Clean Plumbing Pipes

  • July 14, 2025
Switching to LED bulbs can boost home efficiency easily.
View Post

Energy Heroes – 6 Genius Hacks to Make Your Home More Energy Efficient

  • July 9, 2025
Anti-fatigue mats cushion feet and support balance, helping seniors stay active and independent.
View Post

Why Seniors Should Consider Anti-Fatigue Mats at Home

  • July 7, 2025
Outdoor patio with natural flagstone pavers, surrounded by lush greenery and bathed in soft sunlight, highlighting a rustic garden setting.
View Post

Flagstone Pavers – A Natural Choice for Timeless Outdoor Beauty

  • June 30, 2025
Professional commercial movers save time, money, and reduce risks better than DIY options.
View Post

Commercial Moving Services vs. DIY: What’s Better for Your Business?

  • June 27, 2025
Digital dashboard showing HOA management tools with calendars, documents, chats, and board members collaborating around a table in a suburban neighborhood.
View Post

How Anyhoa is Simplifying HOA Board Management for Communities

  • June 26, 2025
  • About Us
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us

Input your search keywords and press Enter.