Tax Implications of Home Improvements
For any renovation or repair to qualify for a tax deduction, the work must qualify under IRS rules as a home (or capital) improvement. Examples of projects that may qualify include new additions, new roofs, whole room renovations, new siding, new heating or air conditioning systems and certain interior renovations such as new floors. In […]
Solar Panels: Tax Breaks and More
Solar panels have become more popular than ever among homeowners. With more affordable installation and material costs, many people are installing solar panels on their homes. It might be worth considering especially if you live in a sunny region and want to offset some of your energy costs. Here is what you need to know. […]
