Home Improvements Can Help Your Taxes Too Thinking about remodeling? Some upgrades come with tax perks: • Home improvement loan interest is deductible up to $100,000. • Keeping receipts for big upgrades (like a kitchen reno or new roof) can lower your capital gains tax if you sell the house for more than you paid. So yes—those fancy new countertops could actually help your bottom line. Home Office Deduction If you’re self-employed and working from your kitchen table (on purpose), you may be eligible for a home office deduction. You’ll need to: • Use the space exclusively for work • Track your square footage and expenses like a spreadsheet wizard Unfortunately, if you’re a W-2 employee working remotely, this one doesn’t apply—thanks to tax law changes through 2025. Sorry, cubicle escapees. Green Upgrades = Green in Your Pocket Installing energy-efficient windows, insulation, or an HVAC system? Good news: you may qualify for the Energy Efficient Home Improvement Credit, which can cover 30% of the cost, up to $1,200 per year.
Going even bigger with solar panels or geothermal energy?
That’s where the Residential Clean Energy Credit comes in—30% of the cost back in your pocket, with no cap through 2032. You’re saving the planet and getting a tax break? That’s what we 46
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