Sunday, 12 October 2014

Know the Tax Differences Between a Home Repair and Home Improvement

Know the Tax Differences Between a Home Repair and Home Improvement


We homeowners love all the tax breaks the IRS gives us. When we make improvements to our home, we can use those expenses to offset some taxes when selling. Home repairs, unlike improvements, aren't deductible at time of sale though. Here's a quick way to know which costs you can deduct.


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