What home renovations can I claim on my taxes? Are there specific improvements that qualify for deductions or credits? What should I keep in mind regarding documentation and tax laws?
You can claim home renovations on taxes if they improve energy efficiency or are related to medical needs. For instance, solar panels or wheelchair ramps may qualify. Always keep documentation, like receipts and contracts, to support your claims. Tax laws change, so it’s smart to consult a tax pro for the latest info on deductions and credits related to home improvements!
You can claim energy-efficient upgrades, like solar, on taxes. Keep receipts, photos, and consult IRS guidelines for specifics and changes in tax laws.