Can I write off home improvements on my taxes, and what types of renovations might qualify for tax benefits when I sell my home?
Yes, you can write off some home improvements on your taxes, especially when you sell your home. Renovations that add value, like kitchen remodels, bathroom upgrades, or energy-efficient installations, often qualify. However, it’s important to keep all your receipts. While cosmetic fixes usually don’t count, major upgrades can help reduce capital gains tax. Always consult a tax professional to understand specifics!