Home Improvement Remodeling
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January 31, 2010
House Renovations
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can i deduct home improvement /remodeling expenses to my home?
Generally no.
If you sell your home within two years of buying it, you’ll owe capital gains tax on it. You can reduce your tax owed if this is the case by including the home improvement expenses in your cost basis.
If the improvements you’ve made are to increase energy efficiency (like more insulation or new windows), there are some tax credits you might be eligible for.
Modern Bathroom Sinks and Vanities – Home improvement remodeling