Question

 Are home additions tax-deductible?

Answer On One Hand: IRS AllowancesThe IRS allows deductions for home renovations and additions for three reasons: medical purposes, energy conservation and using home equity loans or line of credit. Addit... Read More »
http://www.answerbag.com/q_view/2052368

Top Q&A For: Are home additions tax-deductible

How to Design Your Own Home Additions Free?

Designing your own home addition can be a fun and challenging process. Only you know exactly what your family needs in the area of extra space. Once you have jotted down all of your ideas, it is ti... Read More »
http://www.ehow.com/how_6814416_design-own-home-additions.html

What Home Additions Are Worth the Money?

Home addition projects affect the market value of a house. This effect may be positive, but the dollar-for-dollar return may be less than 100%. Home additions with the highest return on the investm... Read More »
http://www.ehow.com/list_6551558_home-additions-worth-money_.html

Are home repairs deductible?

On One Hand: No DeductionThe Internal Revenue Service does not allow a taxpayer to claim a tax deduction for home repairs. The IRS defines home repairs as ordinary maintenance to keep your home in ... Read More »
http://www.answerbag.com/q_view/1995600

Is home insurance tax deductible?

On One Hand: No deductionThe Internal Revenue Service generally does not allow you to deduct the cost of home insurance from your federal income taxes.On the Other: Home office deductionIf you use ... Read More »
http://www.answerbag.com/q_view/1969436


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