Comments on: How am I able to deduct from my tax return, any home improvements made on my home? http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home Answers to all your questions about DIY. Sat, 31 Jul 2010 04:41:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Judy http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home/comment-page-1#comment-1517 Judy Sun, 05 Jul 2009 14:47:07 +0000 http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home#comment-1517 You might be able to take a residential energy credit for part of the cost of the windows and doors ir they're outside doors. The deck, and the rest of the cost of the windows and doors, would be added to your basis and cut your capital gains tax, if any is due, when you sell. You might be able to take a residential energy credit for part of the cost of the windows and doors ir they’re outside doors. The deck, and the rest of the cost of the windows and doors, would be added to your basis and cut your capital gains tax, if any is due, when you sell.

]]> By: luv books http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home/comment-page-1#comment-1516 luv books Fri, 03 Jul 2009 11:06:40 +0000 http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home#comment-1516 You might qualify if there is a home office/business located in home. Permanent improvements may qualify. See article from link below for details. You might qualify if there is a home office/business located in home. Permanent improvements may qualify. See article from link below for details.

]]> By: Gingerpeachy http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home/comment-page-1#comment-1515 Gingerpeachy Tue, 30 Jun 2009 04:44:35 +0000 http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home#comment-1515 No, you cannot deduct home improvements that you made, unless you took a home equity line of credit to do so, and then you can deduct only the interest on the loan. These are considered upgrades to your property (home improvement) and may help you when you sell. No, you cannot deduct home improvements that you made, unless you took a home equity line of credit to do so, and then you can deduct only the interest on the loan. These are considered upgrades to your property (home improvement) and may help you when you sell.

]]> By: SuzeY http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home/comment-page-1#comment-1514 SuzeY Sat, 27 Jun 2009 21:36:01 +0000 http://diyquestions.org/diy/how-am-i-able-to-deduct-from-my-tax-return-any-home-improvements-made-on-my-home#comment-1514 You can't deduct those costs from your tax return. Instead, those amount are added to the total cost of your home (also known as basis). However, if any of those items are energy star rated, you might qualify for the energy credit on your tax return. Go to for further information about what items qualify for the credit. You can’t deduct those costs from your tax return. Instead, those amount are added to the total cost of your home (also known as basis).

However, if any of those items are energy star rated, you might qualify for the energy credit on your tax return. Go to for further information about what items qualify for the credit.

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