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Understanding Home Improvement Deductions

Byadmin

Generally home improvement deductions will occur when you sell your home, based on the home improvement taxes rules and regulations. First you have to understand the difference between repairs and renovations to determine what might be eligible for tax deductions as you sell. Repairs are those activities and projects that occur as part of normal…

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When Do Home Improvements Equal Tax Deductions?

Byadmin

Home improvement deductions are gaining in popularity as the housing market starts to come back and people renew their efforts to sell homes. Unfortunately, for most people this is not the kind of home improvement deduction that they were thinking of. When filing a tax return there are only a few things which qualify for…