What home improvements can be taken off as deductables on 2007 taxes?
I had some home remodling done and on tv on home repairs show it told that a lot of that is tax deductable. I haven’t been able to find anything on the web on it. I kewpt all of my recepts for last year on all of the repairs or improvemts on my home.
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You cannot deduct those types of things……..now if you had a HELOC and used the money to pay for those items you can deduct the interest that you paid on the HELOC…….

You can’t deduct them. You add them to the cost of your house when you sell it, thus reducing your gain for income tax.
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You cannot deduct those types of things……..now if you had a HELOC and used the money to pay for those items you can deduct the interest that you paid on the HELOC…….
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only current tax advantage I know of is possible energy saving credit.
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cpa
Only items that qualify for a residential energy credit can be used on your tax return. See form 5695 for specifics – you can download it at irs.gov
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