Are Home Renovations Tax Deductible? Maximise Savings with Smart Upgrades

Key Takeaways Most home renovations are not tax deductible: However, certain projects, such as energy-efficient upgrades, medically necessary modifications, and rental property repairs, may offer tax benefits. Energy-efficient improvements qualify for credits: Installing solar panels or energy-efficient systems can lead to significant federal tax credits, which reduce your energy costs and tax bill. Medically necessary […]

Are Home Renovations Tax Deductible? Maximise Savings with Smart Upgrades Read More »