Can you deduct property improvements on your taxes?

Answer You cannot deduct property improvements on your tax return. However, you may qualify for a tax credit, not deduction, if you make energy efficient improvements to your home. The American Recovery a... Read More »

Top Q&A For: Can you deduct property improvements on your taxes

How to Deduct Property Taxes Without Itemizing?

The Internal Revenue Service allows taxpayers to claim a deduction for a limited amount of real estate taxes without itemizing their deductions. This deduction is added to the standard deduction am... Read More »

Can you deduct gas on your taxes?

On One Hand: Not Regular CommutesIf you just drive from your home to your job and back, you cannot deduct your gas costs. However, if you work multiple jobs, you can deduct the cost of gas used dri... Read More »

Can you deduct volunteer mileage on your taxes?

When itemizing deductions, taxpayers are allowed to deduct the mileage they drive for volunteer work at the determined mileage rate if they volunteered for a qualifying charity. Tolls and parking f... Read More »

Can You Deduct Your Rent on Taxes in Ohio?

For many people, rent is one of their biggest annual expenses and finding a way to deduct rent payments for taxable income would result in considerable tax savings. Nonetheless, deducting rent is v... Read More »